700 Grove St APT 6RJersey CityNJ07310
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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 700 Grove St APT 6R, Jersey City, NJ, 07310 earns from $4,716/mo rent with a $3,955/mo payment. Total monthly income totals $4,716/mo. ROI tracks 11.38% on current figures, and rental yield reads 7% at a $808,000 purchase. Equity gained on principal adds $5,214/yr, and 5% annual appreciation supports $223,236 over five years. Five-year ROI reaches 59.74% and total cumulative return in cash sums $158,819. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,716/mo property income instead of your personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$880 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07310, Jersey City, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
10,219
Single Family
1,056
Multi-Family
9,163
Businesses
427
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Listed by: Melissa Mellman-rivas • LIBERTY REALTY LLC
Mls Name: HCMLS
Mls ID: #250002271
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.