309 Goldsmith Ave UNIT 3NewarkNJ07112
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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
Investment property for sale in Newark at 309 Goldsmith Ave UNIT 3, Newark, NJ, 07112 offers a 5.74% rental yield on a $794,900 purchase with $3,803/mo rent. 51% in year one. Equity gained on principal adds $5,129/yr while 5% annual appreciation supports $219,616 over five years. Portfolio math shows five-year ROI at 59.01% and total cumulative return in cash at $154,322. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,803/mo property income against a $3,891/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
4,356 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
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Listed by: Grisela Flores • Florostone Realty Inc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3940161
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