700 Grove St APT 8UJersey CityNJ07310
Nearby investment properties with comparable rents
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 Jersey City at 700 Grove St APT 8U, Jersey City, NJ, 07310 offers a 7.67% rental yield on a $790,000 purchase with $5,050/mo rent. 54% in year one. Equity gained on principal adds $5,098/yr while 5% annual appreciation supports $218,262 over five years. Portfolio math shows five-year ROI at 71.31% and total cumulative return in cash at $185,340. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,050/mo property income against a $3,867/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
$830 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Danielle Genovese • PREMIUMONE REALTY LLC
Mls Name: HCMLS
Mls ID: #250007010
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.