2271 KENNEDY Blvd #306 · Jersey City, NJ 07304

$215,000

1 bd · 1.0 ba · 465 sqft · Condo public records · 40 Days on market

Built 1945 $392/mo HOA · 14% of rent

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +21.7/30.0
• 1% rule +7.7/10.0
• ARV discount +7.5/15.0
• DSCR +6.9/10.0
• Livability +3.9/5.0
• Rent growth +3.3/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

GREAT INVESTMENT PACKAGE BLDG HAS BEEN RENOVATED UNIT IS TENANT OCCUPIED 700 MONTH RENT. RENT COULD BE HIGHER SOLD AS A PACKAGE W UNIT 201 AND 402 ASKING 349,000 MAINT INCLUDES HT HW. CAN BE PURCHASED SEPARATELY OR AS A PACKAGE WITH 402 & 201. TENANT OCCUPIED. RENT $700.00

Key facts

• $392 HOA
• Listed 39 days

Property features AI

Finance

• HOA & community: Monthly maintenance fee of $392 (includes heat, water, hot water); Managed by BSG (contact available)

Exterior

• Parking: No parking
• Home design: Condo/apartment unit
• Exterior features: Brick exterior; Near train, shopping, bus, parks, and schools; Pets allowed

Interior

• Kitchen: One kitchen; Refrigerator; Gas oven/range
• Bedrooms: 1 bedroom
• Flooring: Hardwood; Wall-to-wall carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Radiators; Window A/C
• Interior features: Intercom; Hardwood floor; Wall-to-wall carpet; Refrigerator; Gas oven/range; Window A/C; Radiator heating

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $215k.

Deal economics

• At list price, monthly cash flow is $329 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $215k).
• Recommended offer: $209k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 1.8% in Jersey City — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 77/100 on livability (#116 in NJ, #2,955 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment A+; Watch: crime F, cost of living F.
• Jersey City Public Schools (urban): math 16% / reading 38% proficiency, ranked #369 of 472 in NJ (top 78%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.3%/yr); 203 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); 5,310 units permitted in Hudson County in 2024 (4,154 in 5+ unit buildings).
• At $2,739/mo this rent would consume 46% of the median local household income ($71k/yr) (locally 3598% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Hudson County population projected at +29% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 40 days — a 3% lower offer ($209k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 19y ago; this cycle's ask has dropped $15k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $100k; list at $215k implies a 115% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1945 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $208,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 40 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1945 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.27% ✓
• Cap rate: 8.13%
• Cash-on-cash: 6.56%
• DSCR: 1.29
• GRM: 6.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.32% rent growth · sell at horizon

5-year hold

• IRR: -5.7%
• Equity multiple: 0.79×
• Total profit: $-12,734
• Equity at exit: $32,057

10-year hold

• IRR: 4.6%
• Equity multiple: 1.34×
• Total profit: $20,599
• Equity at exit: $18,589

Cash invested: $60,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 6 Strongly Tenant-Friendly
• State New Jersey: 21 Tenant-Leaning · D+6
• County: — inherits STATE
• City Jersey City: 6 Strongly Tenant-Friendly · D+34

Rent Control Ordinance covers buildings 4+ units pre-1986.

Methodology + full state rankings →

ZIP-level market 07304

• Home prices YoY: -34.5%
• Rents YoY: 3.3%
• Active inventory: 203
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $2,739 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$225 /mo · $2,704/yr
• Insurance: −$90
• HOA: −$392
• Vacancy / Maint / Mgmt: −$575
• Net cashflow: $329

Break-even live

Break-even rent $2,322

Max offer price $215,000

Occupancy floor 83%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
400 Claremont Ave Jersey City, NJ	2.0	1.0–2.0	1392	$2,780	$2.00	5d	22	0.37mi
64 Baldwin Ave Jersey City, NJ	1.0	1.0	340	$1,700	$5.00	8d	2	1.12mi
36 Journal Square Plz Jersey City, NJ	3.0	1.0–2.0	874	$4,563	$5.22	2d	127	1.43mi
425 Summit Ave Jersey City, NJ	2.0	1.0–2.0	751	$3,882	$5.17	2d	30	1.44mi

HOA detail condo

• Monthly dues: $392 · $4,704/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-18
   days on market $215,000 Active 40 DOM
2. 2026-06-17
   days on market $215,000 Active 39 DOM
3. 2026-06-16
   days on market $215,000 Active 38 DOM
4. 2026-06-15
   days on market $215,000 Active 37 DOM
5. 2026-06-13
   days on market $215,000 Active 35 DOM
6. 2026-06-13
   days on market $215,000 Active 34 DOM
7. 2026-06-09
   days on market $215,000 Active 31 DOM
8. 2026-06-08
   days on market $215,000 Active 30 DOM
9. 2026-06-07
   days on market $215,000 Active 29 DOM
10. 2026-06-04
    days on market $215,000 Active 26 DOM
11. 2026-06-03
    days on market $215,000 Active 25 DOM
12. 2026-06-02
    days on market $215,000 Active 24 DOM
13. 2026-06-01
    days on market $215,000 Active 23 DOM
14. 2026-06-01
    price $215,000 Active 22 DOM
15. 2026-05-31
    days on market $229,995 Active 22 DOM
16. 2026-05-08
    listed $229,995 Active
17. 2007-07-24
    historical 280-char remark

    Show marketing remark (280 chars)

    GREAT INVESTMENT PACKAGE BLDG HAS BEEN RENOVATED UNIT IS TENANT OCCUPIED 700 MONTH RENT. RENT COULD BE HIGHER SOLD AS A PACKAGE W UNIT 201 AND 402 ASKING 349,000 MAINT INCLUDES HT HW. CAN BE PURCHASED SEPARATELY OR AS A PACKAGE WITH 402 & 201. TENANT OCCUPIED. RENT $700.00

18. 2007-01-23
    listed $115,000 280-char remark

    Show marketing remark (280 chars)

    GREAT INVESTMENT PACKAGE BLDG HAS BEEN RENOVATED UNIT IS TENANT OCCUPIED 700 MONTH RENT. RENT COULD BE HIGHER SOLD AS A PACKAGE W UNIT 201 AND 402 ASKING 349,000 MAINT INCLUDES HT HW. CAN BE PURCHASED SEPARATELY OR AS A PACKAGE WITH 402 & 201. TENANT OCCUPIED. RENT $700.00

19. 2006-07-11
    soldstatus $100,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NJ · Partial reset (capped growth)

• Current annual tax: $2,704 · $225/mo
• Projected year-2 tax: $4,029 · $336/mo
• Expected delta: +$1,325/yr (+$110/mo · 49.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $32,864
• − Mortgage interest: −$12,043
• − Property taxes: −$2,704
• − Insurance: −$1,075
• − Repairs & maintenance: −$2,629
• − Management: −$2,629
• − HOA: −$4,704
• − Depreciation: −$6,255
• Taxable income: $825
• Est. tax owed @ 24.0%: −$198
• After-tax cash flow: $3,752/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Jersey City Public Schools
• NCES district ID: 3407830
• Math proficiency: 16% ▼ -17.00%
• Reading proficiency: 38% ▼ -11.00%
• Median HH income: $58,431
• Composite: 24.43/100
• National rank: #7678
• State rank: #369 of 472 in NJ

Livability — Jersey City

• Score: 77/100
• State rank: #116
• US rank: #2955

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment A+ Housing A- Health & safety A- User ratings A-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Jersey City, NJ
• County: Hudson County · 718,323 people
• City population: 294,078
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 51,306
• Household income: $70,986
• Rent vs Own: 75.9% rent · 24.1% own
• Severe rent burden: 3598.0

Population outlook (Hudson County) Hauer SSP2

• Today (2025): 771,834 people
• By 2030: 818,028 · +6.0%
• By 2040: 907,866 · +17.6%
• By 2050: 994,480 · +28.8%
• By 2075: 1,163,301 · +50.7%
• By 2100: 1,254,703 · +62.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Highly diverse neighborhood (Simpson 0.75)
• Race & ethnicity: Black 33% Hispanic / Latino 28% White 20% Two or more races 15% Asian 14%
• Hispanic origin (detail): Mexican 2% Puerto Rican 9% Dominican 10%
• Common ancestry: Scotch-Irish 1% Hispanic 1% Romanian 1%
• Foreign-born: 36% · Canada, Vietnam, China
• Languages at home: 52% English-only · Spanish 22% Arabic 8% Tagalog/Filipino 5%

Political lean MEDSL · Hudson

• 2024 margin: Strong D (+28.1) · D 62.6% · R 34.6% · Other 2.8%
• 2008→2024 swing: -18.7pp toward R · 2008: 46.7pp · 2024: 28.1pp
• All cycles: 2024: D+28.1 2020: D+46.2 2016: D+51.8 2012: D+55.7 2008: D+46.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -212.51%
• Current HPI: 402.9557
• Rent YoY: ▲ 3.32%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

Industry mix (Fortune 500 HQ in NJ)

Industry	F500 HQs	Revenue
▸Consumer Goods	3	$31B
▸Pharmaceuticals	2	$153B
▸Technology	2	$21B
▸Insurance	2	$20B
▸Healthcare	2	$19B
▸Financial Services	1	$70B

Price history

+130.0% since first listed

4 events — show timeline

• 2026-05-08 Listed $229,995 HCMLS
• 2007-07-24 Listing Removed — HCMLS
• 2007-01-23 Listed $115,000 HCMLS
• 2006-07-11 Sold (Public Records) $100,000 Public Records

Property tax history

+3.0%/yr

Latest (2025): $2,704 · +4.6% YoY. Source: county tax records.