231 Griffith St #1CJersey CityNJ07307
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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 Griffith St #1C, Jersey City, NJ, 07307 offers a 8.59% rental yield on a $335,000 purchase with $2,398/mo rent. Total monthly income registers $2,398/mo, and a $1,640/mo payment leaves $10/mo available for distribution. Annual cash flow reaches $118/yr on $111,053 to close, and return on cash invested stands at 20.02% in year one. Equity gained on principal adds $2,162/yr while 5% annual appreciation supports $92,554 over five years. Portfolio math shows five-year ROI at 104.65% and total cumulative return in cash at $116,216. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,398/mo property income against a $1,640/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07307, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,616 (100%) |
| Owner Occupied HU | 5,040 (27.1%) |
| Renter Occupied HU | 11,915 (64.0%) |
| Vacant Housing Units | 1,661 ( 8.9%) |
| Median Home Value | $675,535 |
| Average Home Value | $688,876 |
Housing Distribution
Address Breakdown
Residential
16,091
Single Family
8,649
Multi-Family
7,442
Businesses
832
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Listed by: YUNJIE ZHOU • COLDWELL BANKER REALTY
Mls Name: HCMLS
Mls ID: #250019544