437 Ridge StNewarkNJ07104
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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
Investment property for sale in Newark at 437 Ridge St, Newark, NJ, 07104 earns from $4,200/mo rent with a $3,118/mo payment. Total monthly income totals $4,200/mo. ROI tracks 18.11% on current figures, and rental yield reads 7.91% at a $637,000 purchase. Equity gained on principal adds $4,110/yr, and 5% annual appreciation supports $175,991 over five years. Five-year ROI reaches 94.41% and total cumulative return in cash sums $197,868. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,200/mo property income instead of your personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07104, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,503 (100%) |
| Owner Occupied HU | 3,939 (18.3%) |
| Renter Occupied HU | 16,603 (77.2%) |
| Vacant Housing Units | 961 ( 4.5%) |
| Median Home Value | $446,782 |
| Average Home Value | $539,320 |
Housing Distribution
Address Breakdown
Residential
18,051
Single Family
8,845
Multi-Family
9,206
Businesses
1,010
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Listed by: Gabrielle O'Shea • EXP Realty, LLC
Mls Name: NJMLS
Mls ID: #25037599