553 S 10Th StNewarkNJ07103
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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
Investment property for sale in Newark at 553 S 10Th St, Newark, NJ, 07103 listed at $659,000 pairs $2,580/mo rent with a $3,225/mo payment. Total monthly income runs $2,580/mo. Return on cash invested measures 8.34% in year one, and rental yield registers 4.7% at a $659,000 basis. Equity gained on principal adds $4,252/yr, and annual property appreciation at 5% supports $182,070 by year five. Five-year ROI tracks 42.05% and total cumulative return in cash totals $91,159. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,580/mo property income relative to a $3,225/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1907
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07103, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,635 (100%) |
| Owner Occupied HU | 2,562 (16.4%) |
| Renter Occupied HU | 11,462 (73.3%) |
| Vacant Housing Units | 1,611 (10.3%) |
| Median Home Value | $343,782 |
| Average Home Value | $411,663 |
Housing Distribution
Address Breakdown
Residential
11,815
Single Family
7,659
Multi-Family
4,156
Businesses
947
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Listed by: Tyeas Davis • Exp Realty, Llc
Mls Name: GSMLS
Mls ID: #4001731