204 Parkhurst StNewarkNJ07114
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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 204 Parkhurst St, Newark, NJ, 07114 earns from $2,422/mo rent with a $6,094/mo payment. Total monthly income totals $2,422/mo. ROI tracks 1.17% on current figures, and rental yield reads 2.33% at a $1,245,000 purchase. Equity gained on principal adds $8,034/yr, and 5% annual appreciation supports $343,971 over five years. Five-year ROI reaches 3.54% and total cumulative return in cash sums $14,296. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,422/mo property income instead of your personal income.
Multi Family
Built in 1970
2,613 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: #3990775