21-23 Freeman St #A2NewarkNJ07105
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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 21-23 Freeman St #A2, Newark, NJ, 07105 listed at $350,000 pairs $2,392/mo rent with a $1,713/mo payment. Total monthly income runs $2,392/mo. Return on cash invested measures 18.85% in year one, and rental yield registers 8.2% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 98.4% and total cumulative return in cash totals $114,170. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,392/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
1,306 sqft lot
$N/A/sqft
No HOA
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Listed by: Brendan Dasilva • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls ID: #4004857