111 Mulberry St #1418NewarkNJ07102
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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 Newark at 111 Mulberry St #1418, Newark, NJ, 07102 offers a 9.4% rental yield on a $367,700 purchase with $2,880/mo rent. Total monthly income registers $2,880/mo, and a $1,800/mo payment leaves $259/mo available for distribution. Annual cash flow reaches $3,106/yr on $121,893 to close, and return on cash invested stands at 22.46% in year one. Equity gained on principal adds $2,373/yr while 5% annual appreciation supports $101,589 over five years. Portfolio math shows five-year ROI at 117.74% and total cumulative return in cash at $143,511. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,880/mo property income against a $1,800/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1988
1.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07102, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,550 (100%) |
| Owner Occupied HU | 353 ( 4.7%) |
| Renter Occupied HU | 6,198 (82.1%) |
| Vacant Housing Units | 999 (13.2%) |
| Median Home Value | $371,318 |
| Average Home Value | $525,500 |
Housing Distribution
Address Breakdown
Residential
6,993
Single Family
1,750
Multi-Family
5,243
Businesses
1,944
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