184 Sunset AveNewarkNJ07106
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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 184 Sunset Ave, Newark, NJ, 07106 priced at $300,000 pairs $2,090/mo rent with after a $1,468/mo payment. Total monthly income equals $2,090/mo. Return on cash invested is 19.33% in year one, and rental yield stands at 8.36% on a $300,000 basis. Equity gained on principal adds $1,936/yr, and 5% annual appreciation accumulates to $82,884 by year five. Five-year ROI measures 100.95% and total cumulative return in cash reaches $100,392. For financing, Ziffy Mortgage’s DSCR program evaluates $2,090/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1953
3,920 sqft 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: Jazmine Clausen-soir • Bhgre Elite
Mls Name: GSMLS
Mls ID: #3985146