23-25 VARSITY RDNewarkNJ07106
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 23-25 VARSITY RD, Newark, NJ, 07106 in Newark speaks for itself: 10.48% gross on a $425,000 price, generating $3,712/mo in rent and $682/mo in net income after the $1,911/mo debt service. DSCR 1.94, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,187 stacks alongside $117,420 in projected five-year appreciation and $3,914/yr in principal reduction. Projected total cumulative return: $206,831.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.5% | 7.2% |
| Monthly Cash Flow | $682 | $1,250 |
City averages based on Newark market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,712 |
| Total Monthly Debt Service | $2,860 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1952
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07106, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,911 (100%) |
| Owner Occupied HU | 3,797 (29.4%) |
| Renter Occupied HU | 8,106 (62.8%) |
| Vacant Housing Units | 1,008 ( 7.8%) |
| Median Home Value | $360,258 |
| Average Home Value | $488,069 |
Housing Distribution
Address Breakdown
Residential
10,380
Single Family
6,306
Multi-Family
4,074
Businesses
427
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
Single Family
Built in 1952
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07106, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,911 (100%) |
| Owner Occupied HU | 3,797 (29.4%) |
| Renter Occupied HU | 8,106 (62.8%) |
| Vacant Housing Units | 1,008 ( 7.8%) |
| Median Home Value | $360,258 |
| Average Home Value | $488,069 |
Housing Distribution
Address Breakdown
Residential
10,380
Single Family
6,306
Multi-Family
4,074
Businesses
427
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GSMLS
Mls ID: #4015962