311 Smith StNewarkNJ07106
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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 311 Smith St, Newark, NJ, 07106 at $384,000 posts ROI 18.43% with from $2,580/mo rent. Total monthly income equals $2,580/mo. Return on cash invested measures 18.43% and rental yield reads 8.06% at the current $384,000. Equity gained on principal adds $2,478/yr, and 5% annual appreciation supports $106,092 by year five. Five-year ROI prints 96.17% and total cumulative return in cash totals $122,420. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,580/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1953
2,613 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
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Listed by: Celia Fasehun • Exodus Real Estate
Mls Name: GSMLS
Mls ID: #3986997