231 Garside StNewarkNJ07104
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
Investment Highlights
Investment property for sale in Newark at 231 Garside St, Newark, NJ, 07104 at $689,999 posts ROI 11.16% with from $3,234/mo rent. Total monthly income equals $3,234/mo. Return on cash invested measures 11.16% and rental yield reads 5.62% at the current $689,999. Equity gained on principal adds $4,452/yr, and 5% annual appreciation supports $190,634 by year five. Five-year ROI prints 57.11% and total cumulative return in cash totals $129,656. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,234/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1940
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07104, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,503 (100%) |
| Owner Occupied HU | 3,939 (18.3%) |
| Renter Occupied HU | 16,603 (77.2%) |
| Vacant Housing Units | 961 ( 4.5%) |
| Median Home Value | $446,782 |
| Average Home Value | $539,320 |
Housing Distribution
Address Breakdown
Residential
18,051
Single Family
8,845
Multi-Family
9,206
Businesses
1,010
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bryant Ralph Cuadros • Realty Of America
Mls Name: GSMLS
Mls Provider:
Mls ID: #3988232
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.