10 Mulford PlNewarkNJ07112
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 10 Mulford Pl, Newark, NJ, 07112 in Newark is narrow, $33/mo net on $3,803/mo rent after the $2,378/mo debt service, but the property operates at break-even-plus, not a loss. At $528,900 with a 8.63% yield, the long-run equity case via 5% appreciation ($146,125 over five years) and $4,871/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.60 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $204,853.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 7.2% |
| Monthly Cash Flow | $33 | $1,250 |
City averages based on Newark market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,803 |
| Total Monthly Debt Service | $3,559 |
| DSCR Ratio | 1.07x |
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.
Single Family
Built in N/A
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07112, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,847 (100%) |
| Owner Occupied HU | 2,768 (23.4%) |
| Renter Occupied HU | 8,072 (68.1%) |
| Vacant Housing Units | 1,007 ( 8.5%) |
| Median Home Value | $363,598 |
| Average Home Value | $433,572 |
Housing Distribution
Address Breakdown
Residential
9,155
Single Family
5,526
Multi-Family
3,629
Businesses
414
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
Single Family
Built in N/A
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07112, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,847 (100%) |
| Owner Occupied HU | 2,768 (23.4%) |
| Renter Occupied HU | 8,072 (68.1%) |
| Vacant Housing Units | 1,007 ( 8.5%) |
| Median Home Value | $363,598 |
| Average Home Value | $433,572 |
Housing Distribution
Address Breakdown
Residential
9,155
Single Family
5,526
Multi-Family
3,629
Businesses
414
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GSMLS
Mls ID: #4015340