44-46 Richards StNewarkNJ07105
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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 44-46 Richards St, Newark, NJ, 07105 listed at $659,900 pairs $3,054/mo rent with a $3,230/mo payment. Total monthly income runs $3,054/mo. Return on cash invested measures 10.94% in year one, and rental yield registers 5.55% at a $659,900 basis. Equity gained on principal adds $4,258/yr, and annual property appreciation at 5% supports $182,318 by year five. Five-year ROI tracks 55.98% and total cumulative return in cash totals $121,538. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,054/mo property income relative to a $3,230/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
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Listed by: Grisela Flores • FloroStone Realty, Inc.
Mls Name: NJMLS
Mls ID: #26003055