416 N Main StNewarkNY14513
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 416 N Main St, Newark, NY, 14513 in Newark the bet is firmly on appreciation. Rental yield 5.64%. The 5.64% gross yield on a $249,000 price is below income-first thresholds, but 5%/yr value growth projects $68,794 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (1.04) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $63,213.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 6.2% |
| Monthly Cash Flow | $(493) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
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 | $1,170 |
| Total Monthly Debt Service | $1,564 |
| DSCR Ratio | 0.75x |
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 1925
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14513, Newark, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,493 (100%) |
| Owner Occupied HU | 3,616 (55.7%) |
| Renter Occupied HU | 2,231 (34.4%) |
| Vacant Housing Units | 646 ( 9.9%) |
| Median Home Value | $153,950 |
| Average Home Value | $200,226 |
Housing Distribution
Address Breakdown
Residential
5,721
Single Family
5,401
Multi-Family
320
Businesses
421
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 1925
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 14513, Newark, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,493 (100%) |
| Owner Occupied HU | 3,616 (55.7%) |
| Renter Occupied HU | 2,231 (34.4%) |
| Vacant Housing Units | 646 ( 9.9%) |
| Median Home Value | $153,950 |
| Average Home Value | $200,226 |
Housing Distribution
Address Breakdown
Residential
5,721
Single Family
5,401
Multi-Family
320
Businesses
421
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices