345 7th St APT 3RJersey CityNJ07302
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Jersey City at 345 7th St APT 3R, Jersey City, NJ, 07302 uses $172,725 cash to close to unlock $1,038/yr annual cash flow and $87/mo monthly cash flow. Total monthly income runs $3,829/mo, and a $2,570/mo payment keeps the spread at $87/mo. Purchase price stands at $525,000, and rental yield measures 8.75% with $3,829/mo rent. Return on cash invested shows 20.66% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 108.09% and total cumulative return in cash records $186,705. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,829/mo property income covering a $2,570/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07302, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 36,585 (100%) |
| Owner Occupied HU | 7,643 (20.9%) |
| Renter Occupied HU | 25,548 (69.8%) |
| Vacant Housing Units | 3,394 ( 9.3%) |
| Median Home Value | $917,452 |
| Average Home Value | $1,017,181 |
Housing Distribution
Address Breakdown
Residential
33,591
Single Family
6,688
Multi-Family
26,903
Businesses
1,293
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Listed by: JASON MA • REALTY ONE GROUP PORTFOLIO
Mls Name: HCMLS
Mls ID: #250024105