ZIP CODE 07305 // NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA // DATA AS OF 2026-09-30
Jersey City, NJ (07305) Rental Property Cap Rate & Cash Flow Report
Located in Hudson County (Jersey City, NJ), Zip Code 07305 ranks #426 of 500 within this selected sample (15th percentile) with a Zillow ZHVI typical home-value index of $527,875 (-0.8% YoY) and a ZORI observed market rent of $2,314/mo (+1.7% YoY). Requires at least 73.7% down payment at 6.5% interest to reach $0/mo break-even cash flow. This model combines different housing populations; it is not an observed average property return. Costs assume state-average tax, 0.5% annual insurance, 13% reserves and no HOA or management. Figures below follow your edits; this headline describes the original benchmark.
Net Monthly Cash Flow
-$1,791/mo
Annual: -$21,492/yr
Modeled Cap Rate
2.00%
NOI: $10,539/yr
Cash-on-Cash Return
-17.70%
Cash Needed: $121,411
1% Rule Ratio
0.44%
Gross Yield: 5.26%
Break-Even Rent
$4,373/mo
State Tax: 2.08%/yr
INTERACTIVE PRO-FORMA STATEMENT (ZIP 07305 BENCHMARK)
Edit any value
Purchase Price (ZHVI proxy)
Monthly Gross Rent (ZORI proxy)
Down Payment (%)
Interest Rate (30Y Fixed %)
Annual Property Tax (NJ Avg 2.08%)
Annual Home Insurance ($)
Monthly HOA Fee ($)
Monthly Debt Service (P&I)
-$2,669/mo
Monthly Operating Expenses (Tax + Ins + 13% Reserves)
-$1,436/mo
HISTORICAL ZHVI PRICE VS. ZORI RENT TRAJECTORY (07305)
| Year | ZHVI Value | ZORI Rent | Gross Yield |
|---|---|---|---|
| 2021 | $463,056 | $1,706/mo | 4.42% |
| 2022 | $483,632 | $1,984/mo | 4.92% |
| 2023 | $492,753 | $2,110/mo | 5.14% |
| 2024 | $531,735 | $2,218/mo | 5.01% |
| 2025 | $531,959 | $2,276/mo | 5.13% |
| 2026 | $527,875 | $2,314/mo | 5.26% |
COMPARABLE U.S. RENTAL MARKETS
| Zip / City | Price | Rent | Cap Rate | Cash Flow |
|---|---|---|---|---|
| 08854 Piscataway, NJ | $595,607 | $2,643/mo | 2.05% | -$1,993/mo |
| 07111 Irvington, NJ | $419,974 | $1,920/mo | 2.19% | -$1,356/mo |
| 07087 Union City, NJ | $559,694 | $2,343/mo | 1.79% | -$1,995/mo |
| 07002 Bayonne, NJ | $588,128 | $2,338/mo | 1.57% | -$2,204/mo |
| 08701 Lakewood, NJ | $591,112 | $2,288/mo | 1.46% | -$2,269/mo |
| 08753 Toms River, NJ | $543,614 | $2,735/mo | 2.67% | -$1,538/mo |