5 Colleen StNewarkNJ07106
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 5 Colleen St, Newark, NJ, 07106 generates $2,580/mo in rent, after a $2,080/mo payment. Total monthly income is $2,580/mo. Return on cash invested sits at 16.08% in year one, and rental yield is 7.28% on a $424,999 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,419 over five years. Five-year ROI reaches 83.55% and total cumulative return in cash sums $117,712. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,580/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07106, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,911 (100%) |
| Owner Occupied HU | 3,797 (29.4%) |
| Renter Occupied HU | 8,106 (62.8%) |
| Vacant Housing Units | 1,008 ( 7.8%) |
| Median Home Value | $360,258 |
| Average Home Value | $488,069 |
Housing Distribution
Address Breakdown
Residential
10,380
Single Family
6,306
Multi-Family
4,074
Businesses
427
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nikki Piazza • Exp Realty, Llc
Mls Name: GSMLS
Mls ID: #4002947