411-419 Chestnut St #3BNewarkNJ07105
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 411-419 Chestnut St #3B, Newark, NJ, 07105 in Newark achieves a 1.81 ratio at $399,000: $3,426/mo rent versus $1,891/mo debt service. Rental yield 10.3%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 10.3% yield compounds alongside 5% annual appreciation projecting $110,236 in value. Total projected cumulative return: $137,887.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 7.2% |
| Monthly Cash Flow | $(168) | $1,250 |
City averages based on Newark market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,426 |
| Total Monthly Debt Service | $3,533 |
| DSCR Ratio | 0.97x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2008
1,306 sqft lot
$N/A/sqft
$750 monthly HOA
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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
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Listed by: Augusto Verissimo • Weichert Realtors - Home City
Mls Name: GSMLS
Mls Provider:
Mls ID: #4045251
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