100 Grant AveHarrisonNJ07029
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
Investment Highlights
Rental property for sale in Harrison at 100 Grant Ave, Harrison, NJ, 07029 priced at $485,000 converts $4,554/mo rent into $1,097/mo cash flow after a $2,374/mo obligation. Total monthly income equals $4,554/mo, and annual cash flow totals $13,162/yr on $160,778 invested. Return on cash invested prints 28.1% in year one, and rental yield reads 11.27% against a $485,000 entry. Equity gained on principal adds $3,130/yr, while 5% annual appreciation compiles into $133,997 by year five. Five-year ROI reaches 147.96% and total cumulative return in cash sums $237,890. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,554/mo property income covering a $2,374/mo payment, not borrower’s personal income.
Single Family
Built in 1939
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07029, Harrison, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,464 (100%) |
| Owner Occupied HU | 1,654 (15.8%) |
| Renter Occupied HU | 8,195 (78.3%) |
| Vacant Housing Units | 615 ( 5.9%) |
| Median Home Value | $491,343 |
| Average Home Value | $506,478 |
Housing Distribution
Address Breakdown
Residential
9,739
Single Family
5,824
Multi-Family
3,915
Businesses
477
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Azucena Velazquez • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3976316