826 W Grand St, UNIT 2KElizabethNJ07202
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 826 W Grand St, UNIT 2K, Elizabeth, NJ, 07202 in Elizabeth achieves 1.52, rent of $1,507/mo covers the $989/mo payment 1.5x over at $219,995. Rental yield 8.22%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $60,781 over five years, with $2,026/yr in principal reduction bringing total projected return to $80,413.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 6.2% |
| Monthly Cash Flow | $(361) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,507 |
| Total Monthly Debt Service | $1,481 |
| DSCR Ratio | 1.02x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07202, Elizabeth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,497 (100%) |
| Owner Occupied HU | 3,622 (23.4%) |
| Renter Occupied HU | 11,281 (72.8%) |
| Vacant Housing Units | 594 ( 3.8%) |
| Median Home Value | $469,694 |
| Average Home Value | $508,231 |
Housing Distribution
Address Breakdown
Residential
14,461
Single Family
8,810
Multi-Family
5,651
Businesses
802
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
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07202, Elizabeth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,497 (100%) |
| Owner Occupied HU | 3,622 (23.4%) |
| Renter Occupied HU | 11,281 (72.8%) |
| Vacant Housing Units | 594 ( 3.8%) |
| Median Home Value | $469,694 |
| Average Home Value | $508,231 |
Housing Distribution
Address Breakdown
Residential
14,461
Single Family
8,810
Multi-Family
5,651
Businesses
802
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GSMLS
Mls ID: #4025142