56-60 Ferguson StNewarkNJ07105
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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 56-60 Ferguson St, Newark, NJ, 07105 generates $3,306/mo in rent and, after a $1,713/mo payment, leaves $812/mo in cash flow. Total monthly income is $3,306/mo, and annual cash flow is $9,739/yr on $115,992 invested. Return on cash invested sits at 28.31% in year one, and rental yield is 11.34% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 149.11% and total cumulative return in cash sums $172,950. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,306/mo property income rather than buyer’s personal income.
Condo
Built in N/A
9,999 sqft lot
$N/A/sqft
No HOA
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Listed by: Fernando Amigon • Sky Realty Associates
Mls Name: GSMLS
Mls ID: #3973405