23 Foundry StNewarkNJ07105
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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 23 Foundry St, Newark, NJ, 07105 offers $3,054/mo rent that, after a $2,863/mo payment. Total monthly income is $3,054/mo. Return on cash invested measures 13.11% in year one, and rental yield stands at 6.26% at a $585,000 entry. Equity gained on principal adds $3,775/yr while 5% annual appreciation compounds into $161,625 by year five. Five-year ROI records 67.58% and total cumulative return in cash reaches $130,062. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,054/mo property income versus a $2,863/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
3,484 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Antonio Costa • Exit Realty Lucky Associates
Mls Name: GSMLS
Mls ID: #4005552