111 Mulberry St #8DNewarkNJ07102
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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 #8D, Newark, NJ, 07102 listed at $335,000 pairs $2,873/mo rent with a $1,640/mo payment to leave $485/mo cash flow. Total monthly income runs $2,873/mo, and annual cash flow reaches $5,818/yr on $111,053 cash to close. Return on cash invested measures 25.15% in year one, and rental yield registers 10.29% at a $335,000 basis. Equity gained on principal adds $2,162/yr, and annual property appreciation at 5% supports $92,554 by year five. Five-year ROI tracks 132.17% and total cumulative return in cash totals $146,780. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,873/mo property income relative to a $1,640/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Eunice Prosper • Keller Williams Metropolitan
Mls Name: GSMLS
Mls ID: #3995673