387 8th St #4EJersey 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 387 8th St #4E, Jersey City, NJ, 07302 listed at $715,000 pairs $3,071/mo rent with a $3,500/mo payment. Total monthly income runs $3,071/mo. Return on cash invested measures 9.73% in year one, and rental yield registers 5.15% at a $715,000 basis. Equity gained on principal adds $4,614/yr, and annual property appreciation at 5% supports $197,541 by year five. Five-year ROI tracks 49.46% and total cumulative return in cash totals $116,337. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,071/mo property income relative to a $3,500/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: MARC S BRENNER • NEST SEEKERS NEW JERSEY LLC
Mls Name: HCMLS
Mls ID: #250022946
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.