168 Sherman AveNewarkNJ07114
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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
Rental property for sale in Newark at 168 Sherman Ave, Newark, NJ, 07114 priced at $1,290,000 pairs $2,791/mo rent with after a $6,314/mo payment. Total monthly income equals $2,791/mo. Return on cash invested is 1.98% in year one, and rental yield stands at 2.6% on a $1,290,000 basis. Equity gained on principal adds $8,324/yr, and 5% annual appreciation accumulates to $356,403 by year five. Five-year ROI measures 7.87% and total cumulative return in cash reaches $32,912. For financing, Ziffy Mortgage’s DSCR program evaluates $2,791/mo property income against a $6,314/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in N/A
3,484 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
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Listed by: Monica Pinto • Rosa Agency
Mls Name: GSMLS
Mls ID: #3992814