111 Mulberry St #6JNewarkNJ07102
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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 111 Mulberry St #6J, Newark, NJ, 07102 generates $2,810/mo in rent and, after a $1,444/mo payment, leaves $707/mo in cash flow. Total monthly income is $2,810/mo, and annual cash flow is $8,486/yr on $97,793 invested. Return on cash invested sits at 28.59% in year one, and rental yield is 11.43% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 150.64% and total cumulative return in cash sums $147,314. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,810/mo property income rather than buyer’s personal income.
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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Listed by: Maatie Alcindor • Elite Realtors Of New Jersey
Mls Name: GSMLS
Mls ID: #3990455