37029 Olive StNewarkCA94560
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 37029 Olive St, Newark, CA, 94560 in Newark fits: $1,388,000, 3.82% gross yield, and a projected 5% annual appreciation rate adding $383,479 in value within five years. Rental yield 3.82%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.71) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $12,784/yr in principal paydown and $383,479 in appreciation project a total return of $258,047.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.8% | 6.0% |
| Monthly Cash Flow | $(4,169) | $1,200 |
City averages based on Newark market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,417 |
| Total Monthly Debt Service | $8,034 |
| DSCR Ratio | 0.55x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1940
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94560, Newark, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,425 (100%) |
| Owner Occupied HU | 11,166 (68.0%) |
| Renter Occupied HU | 4,717 (28.7%) |
| Vacant Housing Units | 542 ( 3.3%) |
| Median Home Value | $1,208,016 |
| Average Home Value | $1,253,420 |
Housing Distribution
Address Breakdown
Residential
16,059
Single Family
12,213
Multi-Family
3,846
Businesses
1,596
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1940
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94560, Newark, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,425 (100%) |
| Owner Occupied HU | 11,166 (68.0%) |
| Renter Occupied HU | 4,717 (28.7%) |
| Vacant Housing Units | 542 ( 3.3%) |
| Median Home Value | $1,208,016 |
| Average Home Value | $1,253,420 |
Housing Distribution
Address Breakdown
Residential
16,059
Single Family
12,213
Multi-Family
3,846
Businesses
1,596
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Darren Chan • Luxmore Real Estate
Mls Name: MLSListings Inc
Mls ID: #ML82035621