53 S 7th StNewarkNJ07107
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.76% gross rental yield, 53 S 7th St, Newark, NJ, 07107 in Newark is priced for capital growth, not immediate cash flow. The $839,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $231,800 by year five, with $7,727/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.88) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $151,030.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.8% | 7.2% |
| Monthly Cash Flow | $(2,650) | $1,250 |
City averages based on Newark market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,330 |
| Total Monthly Debt Service | $5,646 |
| DSCR Ratio | 0.59x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices