15 Valley St #17NewarkNJ07106
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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
Total monthly income runs $2,640/mo, and a $3,353/mo payment. Purchase price stands at $685,000, and rental yield measures 4.62% with $2,640/mo rent. Return on cash invested shows 8.12% in year one, and 5% annual appreciation builds toward $189,253 over five years. Five-year ROI reaches 40.83% and total cumulative return in cash records $92,014. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $3,353/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07106, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,911 (100%) |
| Owner Occupied HU | 3,797 (29.4%) |
| Renter Occupied HU | 8,106 (62.8%) |
| Vacant Housing Units | 1,008 ( 7.8%) |
| Median Home Value | $360,258 |
| Average Home Value | $488,069 |
Housing Distribution
Address Breakdown
Residential
10,380
Single Family
6,306
Multi-Family
4,074
Businesses
427
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Listed by: Ingrid Cassidy • Coldwell Banker, Hoboken
Mls Name: NJMLS
Mls ID: #26001987