176 Grove AveVeronaNJ07044
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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 Verona at 176 Grove Ave, Verona, NJ, 07044 offers $2,394/mo rent that, after a $4,038/mo payment. Total monthly income is $2,394/mo. Return on cash invested measures 4.48% in year one, and rental yield stands at 3.48% at a $825,000 entry. Equity gained on principal adds $5,324/yr while 5% annual appreciation compounds into $227,932 by year five. Five-year ROI records 21.39% and total cumulative return in cash reaches $58,053. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,394/mo property income versus a $4,038/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1930
0.98 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 07044, Verona, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,360 (100%) |
| Owner Occupied HU | 4,671 (73.4%) |
| Renter Occupied HU | 1,443 (22.7%) |
| Vacant Housing Units | 246 ( 3.9%) |
| Median Home Value | $658,491 |
| Average Home Value | $741,076 |
Housing Distribution
Address Breakdown
Residential
5,943
Single Family
4,342
Multi-Family
1,601
Businesses
469
Price History
Date | Event | Price |
|---|---|---|
| 2025-06-24 | Listed for sale | $825,000 |
| 2022-06-30 | Sold | $660,000 |
| 2021-08-21 | Listing removed | N/A |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-25 | $17608.72 | -4.54% | $570,600 | N/A |
| 2023-06-25 | $18445.86 | 1.22% | $570,600 | -7.42% |
| 2022-06-25 | $18223.99 | 3.25% | $616,300 | N/A |
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Nearby investment properties with comparable prices
Facts & Features
General Information
- Type: MultiFamily
- Year Built: 1930
- Architectural Style: N/A
- Building Area: 0
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: 2 Units, Electric, Natural Gas
- Cooling: 2 Units
- Flooring: Carpet, Tile, Wood
- Interior Features: Bedrooms, Eat-in Kitchen, Living Room, Rec Room, Utility Room, Eat-In Kitchen, Family Room
- Exterior Features: N/A
- Parking Features: Asphalt, Detached Garage
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Connected, Natural Gas Connected
- Sewer: Public Sewer, Sewer Charge Extra
- Water Source: Public, Water Charge Extra
- Road Surface Type: N/A
School Information
- Elementary School: Fn Brown
- Middle School: Verona
- High School: Verona
Listed by: Susan Horowitz • West Of Hudson Real Estate
Mls Name: GSMLS
Mls Provider:
Mls ID: #3971402
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