111 Mulberry St #6JNewarkNJ07102
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 111 Mulberry St #6J, Newark, NJ, 07102 in Newark speaks for itself: 11.43% gross on a $295,000 price, generating $2,810/mo in rent and $708/mo in net income after the $1,327/mo debt service. DSCR 2.12, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,492 stacks alongside $81,503 in projected five-year appreciation and $2,717/yr in principal reduction. Projected total cumulative return: $158,586.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 7.2% |
| Monthly Cash Flow | $708 | $1,250 |
City averages based on Newark market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,810 |
| Total Monthly Debt Service | $1,985 |
| DSCR Ratio | 1.42x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maatie Alcindor • Elite Realtors Of New Jersey
Mls Name: GSMLS
Mls ID: #3990455