35 Gouverneur StNewarkNJ07104
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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 35 Gouverneur St, Newark, NJ, 07104 priced at $399,000 converts $3,505/mo rent into $241/mo cash flow after a $1,953/mo obligation. Total monthly income equals $3,505/mo, and annual cash flow totals $2,891/yr on $132,269 invested. Return on cash invested prints 22.09% in year one, and rental yield reads 10.54% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 117.17% and total cumulative return in cash sums $154,982. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,505/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Townhouse
Built in N/A
3,049 sqft lot
$N/A/sqft
$420 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07104, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,503 (100%) |
| Owner Occupied HU | 3,939 (18.3%) |
| Renter Occupied HU | 16,603 (77.2%) |
| Vacant Housing Units | 961 ( 4.5%) |
| Median Home Value | $446,782 |
| Average Home Value | $539,320 |
Housing Distribution
Address Breakdown
Residential
18,051
Single Family
8,845
Multi-Family
9,206
Businesses
1,010
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Listed by: Tovia Lichtman • Keller Williams Mid-Town Direct
Mls Name: GSMLS
Mls Provider:
Mls ID: #3967348
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