642 Palisade Ave #4, Jersey City, NJ, 07307 | 5.01% Rental Yield

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642 Palisade Ave #4, Jersey City, NJ, 07307 | 5.01% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Jersey City at 642 Palisade Ave #4, Jersey City, NJ, 07307 offers a 5.01% rental yield on a $1,050,000 purchase with $4,385/mo rent. 44% in year one. Equity gained on principal adds $6,775/yr while 5% annual appreciation supports $290,096 over five years. Portfolio math shows five-year ROI at 47.85% and total cumulative return in cash at $162,785. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,385/mo property income against a $5,139/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to the penthouse at 642 Palisade Ave, a spacious 1,633 sq. ft. 3-bedroom, 2-bathroom home in a boutique condo building with a dedicated parking spot. Perched on the top floor, this residence offers sweeping views of the Manhattan skyline and the Hudson River, providing a striking backdrop for everyday living. The open and airy layout is designed to maximize light and space, with modern finishes that blend comfort and style. In addition to the generous living space, this home includes a full-size private parking spot and basement storage, adding convenience and practicality thats rare to find. Jersey City Heights is a diverse, traditional neighborhood situated atop the New Jersey Palisades, known for its hilly terrain, historic Victorian homes, a bustling Central Avenue shopping district and scenic views of the Manhattan skyline. It offers a small-town community feel with local parks, a variety of businesses, and an arts district. Unit 4 combines the exclusivity of penthouse living with the warmth of a close-knit neighborhood, the perfect blend of city energy and community charm. Located just a short stroll to the 9th Street/Congress Street Light Rail Station, elevator to Hoboken and River View Fisk Park.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07307, Jersey City, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,616 (100%)
Owner Occupied HU	5,040 (27.1%)
Renter Occupied HU	11,915 (64.0%)
Vacant Housing Units	1,661 ( 8.9%)
Median Home Value	$675,535
Average Home Value	$688,876