525-529 Sanford AvenueNewarkNJ07106
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 525-529 Sanford Avenue, Newark, NJ, 07106 generates $2,797/mo in rent, after a $3,866/mo payment. Total monthly income is $2,797/mo. Return on cash invested sits at 6.98% in year one, and rental yield is 4.25% on a $789,888 entry. Equity gained on principal adds $5,097/yr, while 5% annual appreciation builds toward $218,231 over five years. Five-year ROI reaches 34.7% and total cumulative return in cash sums $90,181. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,797/mo property income rather than buyer’s personal income.
Multi Family
Built in 1922
7,405 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
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Nearby investment properties with comparable prices
Listed by: Ronald Jackson Roman • West Hoboken Residential Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3943330
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