219-221 Clinton PlNewarkNJ07112
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play219-221 Clinton Pl, Newark, NJ, 07112 in Newark is priced for appreciation, not yield. Rental yield 5.09%. At $849,999 with a 5.09% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $234,839 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.94) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $167,901.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.1% | 7.2% |
| Monthly Cash Flow | $(2,454) | $1,250 |
City averages based on Newark market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,605 |
| Total Monthly Debt Service | $5,720 |
| DSCR Ratio | 0.63x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 2005
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07112, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,847 (100%) |
| Owner Occupied HU | 2,768 (23.4%) |
| Renter Occupied HU | 8,072 (68.1%) |
| Vacant Housing Units | 1,007 ( 8.5%) |
| Median Home Value | $363,598 |
| Average Home Value | $433,572 |
Housing Distribution
Address Breakdown
Residential
9,155
Single Family
5,526
Multi-Family
3,629
Businesses
414
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 2005
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07112, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,847 (100%) |
| Owner Occupied HU | 2,768 (23.4%) |
| Renter Occupied HU | 8,072 (68.1%) |
| Vacant Housing Units | 1,007 ( 8.5%) |
| Median Home Value | $363,598 |
| Average Home Value | $433,572 |
Housing Distribution
Address Breakdown
Residential
9,155
Single Family
5,526
Multi-Family
3,629
Businesses
414
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GSMLS
Mls ID: #4005377