38 Emmet StNewarkNJ07114
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSteady, low-maintenance, and fundable: 38 Emmet St, Newark, NJ, 07114 in Newark at $459,999. Rental yield 7.3%. The 7.3% yield and 1.35 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $127,089 by year five, and $4,237/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $145,400.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 7.2% |
| Monthly Cash Flow | $(481) | $1,250 |
City averages based on Newark market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,798 |
| Total Monthly Debt Service | $3,096 |
| DSCR Ratio | 0.90x |
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 1890
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07114, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,596 (100%) |
| Owner Occupied HU | 560 (12.2%) |
| Renter Occupied HU | 3,699 (80.5%) |
| Vacant Housing Units | 337 ( 7.3%) |
| Median Home Value | $493,431 |
| Average Home Value | $512,478 |
Housing Distribution
Address Breakdown
Residential
3,999
Single Family
1,822
Multi-Family
2,177
Businesses
1,000
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 1890
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07114, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,596 (100%) |
| Owner Occupied HU | 560 (12.2%) |
| Renter Occupied HU | 3,699 (80.5%) |
| Vacant Housing Units | 337 ( 7.3%) |
| Median Home Value | $493,431 |
| Average Home Value | $512,478 |
Housing Distribution
Address Breakdown
Residential
3,999
Single Family
1,822
Multi-Family
2,177
Businesses
1,000
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GSMLS
Mls ID: #3995017