56-60 Ferguson Street, Unit N3 BLDG 54 #N3, Newark, NJ, 07105 | $595/mo Cash Flow

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56-60 Ferguson Street, Unit N3 BLDG 54 #N3, Newark, NJ, 07105 | $595/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newark at 56-60 Ferguson Street, Unit N3 BLDG 54 #N3, Newark, NJ, 07105 listed at $339,900 pairs $3,018/mo rent with a $1,664/mo payment to leave $595/mo cash flow. Total monthly income runs $3,018/mo, and annual cash flow reaches $7,139/yr on $112,677 cash to close. Return on cash invested measures 26.24% in year one, and rental yield registers 10.65% at a $339,900 basis. Equity gained on principal adds $2,193/yr, and annual property appreciation at 5% supports $93,908 by year five. Five-year ROI tracks 138.04% and total cumulative return in cash totals $155,543. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,018/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in N/A

9,999 sqft lot

$N/A/sqft

No HOA

More details about the property

Location, location, location! This 2 Bedroom with den (option for office or 3rd bedroom) and 2 Bath Condo is centrally located in desired Ironbound neighborhood! Freshly painted with a brand new open-concept kitchen with Stainless Steel appliances and updated bathrooms. Washer/dryer and new water heater. Unit comes with laminate and tile floors and two parking spaces in the garage. Walking distance from shops, restaurants, Newark Penn Station and River Bank Park. HOA fees include maintenance of building, common areas, trash collection, snow removal and gas.PHYSICAL ADDRESS IS 54 POLK ST, UNIT N3. TAX RECORDS ARE UNDER 56-60 FERGUSON ST.