THE BEST PLACES TO BUY INVESTMENT PROPERTIES IN NEW JERSEY & WHY

THE BEST PLACES TO BUY INVESTMENT PROPERTIES IN NEW JERSEY & WHY


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When buying an investment property, there are three things which we must attend to before entering any deals: location, profitability and affordability. The perfect mix of these details can boost an investment volumes.

For location the minimum valuation criteria should be: school districts, land/lot positioning, water views, city access, shopping availability, & access to interstates. Location cannot be changed and can drastically alter the value of the home. Profitability is the total sum you stand to gain after all of the fixed and variable costs have been subtracted. The goal is obviously to maximize profitability through high returns and high rental rates. Affordability is minimizing cost to be able to acquire as much capital as possible.

If you’re looking for the best combination of these factors you should consider investing in the New Jersey real estate market! No matter where you live you are 2 hours from a city and a beach. We have an amazing public school systems. Not to mention, lower cost of living than many of our neighboring states. Here our list of the best locations and their stats. Enjoy!

Alloway

Median Property Price: $234,086

Price Per Square Foot: $127.67

Traditional

Rental Income: $2,534

Cap Rate / Cash on Cash Return: 6.82%

Atlantic City

Median Property Price: $252,210

Price Per Square Foot: $172.19

Traditional

Rental Income: $1,171

Cap Rate / Cash on Cash Return: 1.4%

Rental Income: $2,623

Cap Rate / Cash on Cash Return: 5.27%

Occupancy Rate: 41%

Camden

Median Property Price: $102,844

Price Per Square Foot: $79.66

Traditional

Rental Income: $1,299

Cap Rate / Cash on Cash Return: 5.99%

Elizabeth

Median Property Price: $221,131

Price Per Square Foot: $104.57

Traditional

Rental Income: $1,678

Cap Rate / Cash on Cash Return: 1.79%

Rental Income: $2,430

Cap Rate / Cash on Cash Return: 4.16%

Occupancy Rate: 66%

Jersey City

Median Property Price: $591,460

Price Per Square Foot: $623.33

Traditional

Rental Income: $2,267

Cap Rate / Cash on Cash Return: 1.18%

Stafford Township

Median Property Price: $278,655

Price Per Square Foot: $144.71

Traditional

Rental Income: $1,959

Cap Rate / Cash on Cash Return: 2.26%

Rental Income: $3,264

Cap Rate / Cash on Cash Return: 6.07%

Occupancy Rate: 42%

Sussex

Median Property Price: $296,801

Price Per Square Foot: $99.74

Traditional

Rental Income: $1,547

Cap Rate / Cash on Cash Return: 1.9%

Rental Income: $1,988

Cap Rate / Cash on Cash Return: 4.36%

Occupancy Rate: 45%

Trenton

Median Property Price: $146,560

Price Per Square Foot: $110.92

Traditional

Rental Income: $1,513

Cap Rate / Cash on Cash Return: 4.14%

Union City

Median Property Price: $534,652

Price Per Square Foot: $405.87

Traditional

Rental Income: $2,199

Cap Rate / Cash on Cash Return: 1.47%

Rental Income: $2,984

Cap Rate / Cash on Cash Return: 2.97%

Occupancy Rate: 73%

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