37 S 7Th StNewarkNJ07107
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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 S 7Th St, Newark, NJ, 07107 priced at $1,100,000 pairs $3,112/mo rent with after a $5,384/mo payment. Total monthly income equals $3,112/mo. Return on cash invested is 4.45% in year one, and rental yield stands at 3.39% on a $1,100,000 basis. Equity gained on principal adds $7,098/yr, and 5% annual appreciation accumulates to $303,910 by year five. Five-year ROI measures 21.1% and total cumulative return in cash reaches $75,211. For financing, Ziffy Mortgage’s DSCR program evaluates $3,112/mo property income against a $5,384/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2025
2,613 sqft 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: Jamille Hernandez • 3sixty Realty Llc
Mls Name: GSMLS
Mls ID: #3998230