44 Richards StNewarkNJ07105
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
Investment Highlights
Rental property for sale in Newark at 44 Richards St, Newark, NJ, 07105 offers $3,054/mo rent that, after a $3,230/mo payment. Total monthly income is $3,054/mo. Return on cash invested measures 10.94% in year one, and rental yield stands at 5.55% at a $659,900 entry. Equity gained on principal adds $4,258/yr while 5% annual appreciation compounds into $182,318 by year five. Five-year ROI records 55.98% and total cumulative return in cash reaches $121,538. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,054/mo property income versus a $3,230/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Grisela Flores • Florostone Realty Inc.
Mls Name: GSMLS
Mls ID: #4007088