161-167 N 7th StreetNewarkNJ07107
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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 161-167 N 7th Street, Newark, NJ, 07107 earns from $2,048/mo rent with a $7,709/mo payment. Total monthly income totals $2,048/mo. ROI tracks -1.21% on current figures, and rental yield reads 1.56% at a $1,575,000 purchase. Equity gained on principal adds $10,163/yr, and 5% annual appreciation supports $435,143 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,048/mo property income instead of your personal income.
Multi Family
Built in 1910
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07107, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,578 (100%) |
| Owner Occupied HU | 2,977 (19.1%) |
| Renter Occupied HU | 11,548 (74.1%) |
| Vacant Housing Units | 1,053 ( 6.8%) |
| Median Home Value | $408,045 |
| Average Home Value | $427,148 |
Housing Distribution
Address Breakdown
Residential
12,473
Single Family
7,330
Multi-Family
5,143
Businesses
646
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Listed by: Rachel Aviv • Silvera Realty Co.
Mls Name: MOMLS
Mls Provider:
Mls ID: #22401627
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.