15-19 Tichenor Ln #407NewarkNJ07114
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 15-19 Tichenor Ln #407, Newark, NJ, 07114 in Newark at $399,900 earns $3,382/mo in rent and nets $186/mo after the $1,798/mo payment, a 10.15% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $110,485 over five years. Ziffy Mortgage underwrites this on a 1.88 DSCR without U.S. credit history. With $3,683/yr in principal paydown, total projected return reaches $187,489.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 7.2% |
| Monthly Cash Flow | $186 | $1,250 |
City averages based on Newark market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,382 |
| Total Monthly Debt Service | $2,691 |
| DSCR Ratio | 1.26x |
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.
Single Family
Built in 2008
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07114, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,596 (100%) |
| Owner Occupied HU | 560 (12.2%) |
| Renter Occupied HU | 3,699 (80.5%) |
| Vacant Housing Units | 337 ( 7.3%) |
| Median Home Value | $493,431 |
| Average Home Value | $512,478 |
Housing Distribution
Address Breakdown
Residential
3,999
Single Family
1,822
Multi-Family
2,177
Businesses
1,000
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
Single Family
Built in 2008
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07114, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,596 (100%) |
| Owner Occupied HU | 560 (12.2%) |
| Renter Occupied HU | 3,699 (80.5%) |
| Vacant Housing Units | 337 ( 7.3%) |
| Median Home Value | $493,431 |
| Average Home Value | $512,478 |
Housing Distribution
Address Breakdown
Residential
3,999
Single Family
1,822
Multi-Family
2,177
Businesses
1,000
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GSMLS
Mls ID: #4012170