108 S 8Th StNewarkNJ07107
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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
Rental property for sale in Newark at 108 S 8Th St, Newark, NJ, 07107 generates $4,530/mo in rent and, after a $2,696/mo payment, leaves $604/mo in cash flow. Total monthly income is $4,530/mo, and annual cash flow is $7,244/yr on $181,246 invested. Return on cash invested sits at 24.06% in year one, and rental yield is 9.87% on a $550,900 entry. Equity gained on principal adds $3,555/yr, while 5% annual appreciation builds toward $152,204 over five years. Five-year ROI reaches 126.29% and total cumulative return in cash sums $228,904. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,530/mo property income rather than buyer’s personal income.
Multi Family
Built in 1915
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07107, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,578 (100%) |
| Owner Occupied HU | 2,977 (19.1%) |
| Renter Occupied HU | 11,548 (74.1%) |
| Vacant Housing Units | 1,053 ( 6.8%) |
| Median Home Value | $408,045 |
| Average Home Value | $427,148 |
Housing Distribution
Address Breakdown
Residential
12,473
Single Family
7,330
Multi-Family
5,143
Businesses
646
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Listed by: William C Collins • Era Queen City Realty
Mls Name: GSMLS
Mls ID: #3988400