205 Garside StNewarkNJ07104
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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 205 Garside St, Newark, NJ, 07104 priced at $548,750 pairs $4,200/mo rent with $288/mo cash flow after a $2,686/mo payment. Total monthly income equals $4,200/mo, and annual cash flow comes to $3,461/yr on $180,539 invested. Return on cash invested is 21.98% in year one, and rental yield stands at 9.18% on a $548,750 basis. Equity gained on principal adds $3,541/yr, and 5% annual appreciation accumulates to $151,610 by year five. Five-year ROI measures 115.16% and total cumulative return in cash reaches $207,901. For financing, Ziffy Mortgage’s DSCR program evaluates $4,200/mo property income against a $2,686/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1930
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07104, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,503 (100%) |
| Owner Occupied HU | 3,939 (18.3%) |
| Renter Occupied HU | 16,603 (77.2%) |
| Vacant Housing Units | 961 ( 4.5%) |
| Median Home Value | $446,782 |
| Average Home Value | $539,320 |
Housing Distribution
Address Breakdown
Residential
18,051
Single Family
8,845
Multi-Family
9,206
Businesses
1,010
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Listed by: Oliver Kruczkowski • Realty One Group Lifestyle Homes
Mls Name: GSMLS
Mls Provider:
Mls ID: #3945398
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