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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Jersey City at 700 Grove St APT 10G, Jersey City, NJ, 07310 offers a 8.03% rental yield on a $785,000 purchase with $5,256/mo rent. 36% in year one. Equity gained on principal adds $5,065/yr while 5% annual appreciation supports $216,881 over five years. Portfolio math shows five-year ROI at 75.79% and total cumulative return in cash at $195,746. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,256/mo property income against a $3,842/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
$887 monthly HOA
Neighborhood data shown for ZIP Code: 07310, Jersey City, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,714 (100%) |
| Owner Occupied HU | 1,277 (11.9%) |
| Renter Occupied HU | 8,148 (76.1%) |
| Vacant Housing Units | 1,289 (12.0%) |
| Median Home Value | $932,165 |
| Average Home Value | $1,019,580 |
Residential
10,219
Single Family
1,056
Multi-Family
9,163
Businesses
427
Date | Event | Price |
|---|---|---|
| 2024-10-16 | Price change | $785,000 |
| 2024-09-24 | Listed for sale | $795,000 |
| 2010-09-07 | Sold | $520,995 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-17 | $1797.60 | 40.09% | $80,000 | N/A |
| 2022-10-17 | $1283.20 | N/A | $80,000 | N/A |
| 2021-10-17 | $1283.20 | 4.16% | $80,000 | N/A |
Listed by: Westley Page • BROWN HARRIS STEVENS NEW JERSEY
Mls Name: HCMLS
Mls ID: #240018911
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
