328-330 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 328-330 Smith St, Newark, NJ, 07106 offers a 10.24% rental yield on a $451,200 purchase with $3,850/mo rent. Total monthly income registers $3,850/mo, and a $2,208/mo payment leaves $634/mo available for distribution. Annual cash flow reaches $7,612/yr on $149,573 to close, and return on cash invested stands at 25% in year one. Equity gained on principal adds $2,912/yr while 5% annual appreciation supports $124,658 over five years. Portfolio math shows five-year ROI at 131.38% and total cumulative return in cash at $196,511. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,850/mo property income against a $2,208/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
3,484 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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