37 Grand AveNewarkNJ07106
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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 37 Grand Ave, Newark, NJ, 07106 priced at $1,250,000 converts $2,305/mo rent into after a $6,118/mo obligation. Total monthly income equals $2,305/mo. Return on cash invested prints 0.8% in year one, and rental yield reads 2.21% against a $1,250,000 entry. Equity gained on principal adds $8,066/yr, while 5% annual appreciation compiles into $345,352 by year five. Five-year ROI reaches 1.54% and total cumulative return in cash sums $6,241. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,305/mo property income covering a $6,118/mo payment, not borrower’s personal income.
Multi Family
Built in 2026
6,534 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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Listed by: Jeanmichel Sery • Jd Frances Realty & G.R.
Mls Name: GSMLS
Mls ID: #4003127