53 S 7th StNewarkNJ07107
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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
Rental property for sale in Newark at 53 S 7th St, Newark, NJ, 07107 generates $3,330/mo in rent, after a $4,106/mo payment. Total monthly income is $3,330/mo. Return on cash invested sits at 8.54% in year one, and rental yield is 4.76% on a $839,000 entry. Equity gained on principal adds $5,414/yr, while 5% annual appreciation builds toward $231,800 over five years. Five-year ROI reaches 43.1% and total cumulative return in cash sums $118,956. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,330/mo property income rather than buyer’s personal income.
Multi Family
Built in 2024
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07107, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,578 (100%) |
| Owner Occupied HU | 2,977 (19.1%) |
| Renter Occupied HU | 11,548 (74.1%) |
| Vacant Housing Units | 1,053 ( 6.8%) |
| Median Home Value | $408,045 |
| Average Home Value | $427,148 |
Housing Distribution
Address Breakdown
Residential
12,473
Single Family
7,330
Multi-Family
5,143
Businesses
646
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Listed by: Jamille Hernandez • Realty Xpress Group Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3939136
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