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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Jersey City at 88 Morgan St APT 1407, Jersey City, NJ, 07302 offers a 6.86% rental yield on a $749,000 purchase with $4,284/mo rent. 48% in year one. Equity gained on principal adds $4,833/yr while 5% annual appreciation supports $206,935 over five years. Portfolio math shows five-year ROI at 60.11% and total cumulative return in cash at $148,132. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,284/mo property income against a $3,666/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
$707 monthly HOA
Neighborhood data shown for ZIP Code: 07302, Jersey City, NJ area.
| 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 |
Residential
33,591
Single Family
6,688
Multi-Family
26,903
Businesses
1,293
Date | Event | Price |
|---|---|---|
| 2024-08-02 | Price change | $749,000 |
| 2024-06-17 | Listed for sale | $760,000 |
| 2021-01-12 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $14425.74 | 40.09% | $642,000 | N/A |
| 2022-10-16 | $10297.68 | N/A | $642,000 | N/A |
| 2021-10-16 | $10297.68 | 1278.72% | $642,000 | N/A |
Listed by: Bleranda Spahiu • KELLER WILLIAMS VILLAGE SQUARE REALTY
Mls Name: HCMLS
Mls ID: #240011574
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.
