111 Pennington StNewarkNJ07105
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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 Pennington St, Newark, NJ, 07105 with 5% annual appreciation on a $1,100,000 basis while $4,300/mo rent supports operations. 45% in year one. Equity gained on principal adds $7,098/yr, and five-year appreciation sums $303,910 alongside rental yield of 4.69%. Five-year ROI measures 42.55% and total cumulative return in cash totals $151,651. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,300/mo property income versus a $5,384/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1995
3,484 sqft lot
$N/A/sqft
No HOA
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Listed by: Lidia Mancano • Weichert Realtors - Home City
Mls Name: GSMLS
Mls ID: #4005051