54 Polk StNewarkNJ07105
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 54 Polk St, Newark, NJ, 07105 in Newark, $449,000, 8.71% gross yield, $60/mo net income. Consider it a market-entry position, the $3,260/mo rent covers the $2,019/mo payment with a margin, and 5%/yr appreciation is projected to add $124,050 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.61) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $175,952.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 7.2% |
| Monthly Cash Flow | $60 | $1,250 |
City averages based on Newark market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,260 |
| Total Monthly Debt Service | $3,022 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
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
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JENNIFER B SULLIVAN • COMPASS NEW JERSEY, LLC
Mls Name: HCMLS
Mls ID: #250022394