580 Hunterdon StNewarkNJ07108
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 580 Hunterdon St, Newark, NJ, 07108 in Newark hard to pass up. The 10.11% gross yield on a $399,000 purchase results in $3,360/mo in rent and $516/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.87). Annual cash flow of $6,192, five-year appreciation of $110,236, and $3,675/yr in equity build-up combine for a projected total cumulative return of $186,137.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 7.2% |
| Monthly Cash Flow | $516 | $1,250 |
City averages based on Newark market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $3,360 |
| Total Monthly Debt Service | $2,685 |
| DSCR Ratio | 1.25x |
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.
Multi Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07108, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,489 (100%) |
| Owner Occupied HU | 1,712 (14.9%) |
| Renter Occupied HU | 8,769 (76.3%) |
| Vacant Housing Units | 1,008 ( 8.8%) |
| Median Home Value | $401,970 |
| Average Home Value | $431,478 |
Housing Distribution
Address Breakdown
Residential
8,969
Single Family
5,693
Multi-Family
3,276
Businesses
407
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 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07108, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,489 (100%) |
| Owner Occupied HU | 1,712 (14.9%) |
| Renter Occupied HU | 8,769 (76.3%) |
| Vacant Housing Units | 1,008 ( 8.8%) |
| Median Home Value | $401,970 |
| Average Home Value | $431,478 |
Housing Distribution
Address Breakdown
Residential
8,969
Single Family
5,693
Multi-Family
3,276
Businesses
407
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GSMLS
Mls ID: #4023699