360 New St #3NewarkNJ07103
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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
Total monthly income runs $2,278/mo, and a $3,377/mo payment. Purchase price stands at $689,999, and rental yield measures 3.96% with $2,278/mo rent. Return on cash invested shows 6.1% in year one, and 5% annual appreciation builds toward $190,634 over five years. Five-year ROI reaches 30.02% and total cumulative return in cash records $68,144. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,278/mo property income covering a $3,377/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07103, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,635 (100%) |
| Owner Occupied HU | 2,562 (16.4%) |
| Renter Occupied HU | 11,462 (73.3%) |
| Vacant Housing Units | 1,611 (10.3%) |
| Median Home Value | $343,782 |
| Average Home Value | $411,663 |
Housing Distribution
Address Breakdown
Residential
11,815
Single Family
7,659
Multi-Family
4,156
Businesses
947
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Listed by: Christian Montenegro • New And Modern Group
Mls Name: GSMLS
Mls ID: #4001960