88 Morgan St APT 1706Jersey 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
Total monthly income runs $5,938/mo, and a $5,384/mo payment. Purchase price stands at $1,099,999, and rental yield measures 6.48% with $5,938/mo rent. Return on cash invested shows 9.91% in year one, and 5% annual appreciation builds toward $303,909 over five years. Five-year ROI reaches 51.88% and total cumulative return in cash records $184,891. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,938/mo property income covering a $5,384/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$1,203 monthly HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-08-12 | Listed for sale | $1,099,999 |
| 2022-05-07 | Listing removed | N/A |
| 2022-04-18 | Listed for rent | $4,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $1651.55 | 40.09% | $912,900 | N/A |
| 2022-10-17 | $1178.94 | N/A | $912,900 | 1142.04% |
| 2021-10-17 | $1178.94 | 4.16% | $73,500 | N/A |
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Facts & Features
General Information
- Type: Condo
- Year Built: N/A
- Architectural Style: Other-See Remarks
- Building Area: 1,203
- Living Area: 1,203 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Electric, Hot Water
- Cooling: Window Unit(s)
- Flooring: Hardwood
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Attached, Covered, Garage, Other
Location
- City: Jersey City
- State: NJ
- Subdivision: N/A
- Lot Size: N/A
- Lot Features: Near Train, Near Shopping, Near Public Transit, Near Parks, Near Schools, Near Path
- View: New York View
HOA & Fees
- HOA Fee: $1,203 monthly
- Association Fee: $1,203 monthly
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: Heat, Water, Hot Water
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Megha Moza • PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
Mls Name: HCMLS
Mls ID: #240015792
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.