48 Grant AveEast HanoverNJ07936
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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
Investment property for sale in East Hanover at 48 Grant Ave, East Hanover, NJ, 07936 listed at $1,699,000 pairs $4,772/mo rent with a $8,316/mo payment. Total monthly income runs $4,772/mo. Return on cash invested measures 4.37% in year one, and rental yield registers 3.37% at a $1,699,000 basis. Equity gained on principal adds $10,963/yr, and annual property appreciation at 5% supports $469,402 by year five. Five-year ROI tracks 20.69% and total cumulative return in cash totals $113,897. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,772/mo property income relative to a $8,316/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07936, East Hanover, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,141 (100%) |
| Owner Occupied HU | 3,748 (90.5%) |
| Renter Occupied HU | 322 ( 7.8%) |
| Vacant Housing Units | 71 ( 1.7%) |
| Median Home Value | $742,208 |
| Average Home Value | $763,657 |
Housing Distribution
Address Breakdown
Residential
4,001
Single Family
4,001
Multi-Family
0
Businesses
748
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Listed by: Carlos Salazar Jr • Coldwell Banker Realty Fle
Mls Name: GSMLS
Mls ID: #3998080