96 Coles St #2Jersey CityNJ07302
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 96 Coles St #2, Jersey City, NJ, 07302 in Jersey City. At $674,900 it earns $5,429/mo in rent and distributes $307/mo to the owner after the $3,035/mo payment, a consistent 9.65% yield. DSCR 1.79 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $186,462 in value; $6,216/yr in principal paydown compounds ownership stake. Total projected return: $279,796.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 5.1% |
| Monthly Cash Flow | $307 | $1,850 |
City averages based on Jersey City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,429 |
| Total Monthly Debt Service | $4,853 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in N/A
N/A lot
$N/A/sqft
$311 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in N/A
N/A lot
$N/A/sqft
$311 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices