21-23 Beverly StNewarkNJ07108
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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 21-23 Beverly St, Newark, NJ, 07108 generates $3,919/mo in rent and, after a $2,232/mo payment, leaves $669/mo in cash flow. Total monthly income is $3,919/mo, and annual cash flow is $8,023/yr on $151,164 invested. Return on cash invested sits at 25.22% in year one, and rental yield is 10.31% on a $456,000 entry. Equity gained on principal adds $2,943/yr, while 5% annual appreciation builds toward $125,984 over five years. Five-year ROI reaches 132.54% and total cumulative return in cash sums $200,346. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,919/mo property income rather than buyer’s personal income.
Single Family
Built in 1902
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07108, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,489 (100%) |
| Owner Occupied HU | 1,712 (14.9%) |
| Renter Occupied HU | 8,769 (76.3%) |
| Vacant Housing Units | 1,008 ( 8.8%) |
| Median Home Value | $401,970 |
| Average Home Value | $431,478 |
Housing Distribution
Address Breakdown
Residential
8,969
Single Family
5,693
Multi-Family
3,276
Businesses
407
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