231 Grant AveJersey CityNJ07305
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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
Investment property for sale in Jersey City at 231 Grant Ave, Jersey City, NJ, 07305 offers a 4.7% rental yield on a $621,100 purchase with $2,431/mo rent. 34% in year one. Equity gained on principal adds $4,008/yr while 5% annual appreciation supports $171,598 over five years. Portfolio math shows five-year ROI at 41.99% and total cumulative return in cash at $85,812. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,431/mo property income against a $3,040/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
2,474 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07305, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,090 (100%) |
| Owner Occupied HU | 8,581 (31.7%) |
| Renter Occupied HU | 16,391 (60.5%) |
| Vacant Housing Units | 2,118 ( 7.8%) |
| Median Home Value | $484,092 |
| Average Home Value | $556,754 |
Housing Distribution
Address Breakdown
Residential
22,404
Single Family
13,978
Multi-Family
8,426
Businesses
1,042
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Listed by: N/A • N/A
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