343 Sussex AveNewarkNJ07107
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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 343 Sussex Ave, Newark, NJ, 07107 with 5% annual appreciation on a $749,000 basis while $4,530/mo rent supports operations. 12% in year one. Equity gained on principal adds $4,833/yr, and five-year appreciation sums $206,935 alongside rental yield of 7.26%. Five-year ROI measures 83.75% and total cumulative return in cash totals $206,380. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,530/mo property income versus a $3,666/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07107, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,578 (100%) |
| Owner Occupied HU | 2,977 (19.1%) |
| Renter Occupied HU | 11,548 (74.1%) |
| Vacant Housing Units | 1,053 ( 6.8%) |
| Median Home Value | $408,045 |
| Average Home Value | $427,148 |
Housing Distribution
Address Breakdown
Residential
12,473
Single Family
7,330
Multi-Family
5,143
Businesses
646
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Listed by: Raysa Castro-Martinez • Keller Williams City Views Realty
Mls Name: NJMLS
Mls ID: #26003720