24 Parkhurst StNewarkNJ07114
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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 24 Parkhurst St, Newark, NJ, 07114 offers $3,282/mo rent that, after a $3,377/mo payment. Total monthly income is $3,282/mo. Return on cash invested measures 11.41% in year one, and rental yield stands at 5.71% at a $689,900 entry. Equity gained on principal adds $4,452/yr while 5% annual appreciation compounds into $190,607 by year five. Five-year ROI records 58.5% and total cumulative return in cash reaches $132,781. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,282/mo property income versus a $3,377/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1915
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07114, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,596 (100%) |
| Owner Occupied HU | 560 (12.2%) |
| Renter Occupied HU | 3,699 (80.5%) |
| Vacant Housing Units | 337 ( 7.3%) |
| Median Home Value | $493,431 |
| Average Home Value | $512,478 |
Housing Distribution
Address Breakdown
Residential
3,999
Single Family
1,822
Multi-Family
2,177
Businesses
1,000
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Listed by: Augusto Verissimo • Weichert Realtors - Home City
Mls Name: GSMLS
Mls ID: #3987101