34-36 Cortland StNewarkNJ07105
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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 34-36 Cortland St, Newark, NJ, 07105 generates $3,054/mo in rent, after a $4,400/mo payment. Total monthly income is $3,054/mo. Return on cash invested sits at 6.45% in year one, and rental yield is 4.08% on a $899,000 entry. Equity gained on principal adds $5,801/yr, while 5% annual appreciation builds toward $248,377 over five years. Five-year ROI reaches 31.9% and total cumulative return in cash sums $94,366. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,054/mo property income rather than buyer’s personal income.
Multi Family
Built in 1928
3,920 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Eyal Levy • Keller Williams Park Views
Mls Name: GSMLS
Mls ID: #4007993