431 N 12th 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
Total monthly income runs $2,648/mo, and a $3,230/mo payment. Purchase price stands at $659,900, and rental yield measures 4.82% with $2,648/mo rent. Return on cash invested shows 8.7% in year one, and 5% annual appreciation builds toward $182,318 over five years. Five-year ROI reaches 43.95% and total cumulative return in cash records $95,414. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,648/mo property income covering a $3,230/mo payment rather than investor’s personal income.
Multi Family
Built in 1909
3,497 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: ROBERT DEKANSKI • RE/MAX 1st ADVANTAGE
Mls Name: All Jersey MLS
Mls ID: #2603245R