6043 Joaquin Murieta Ave APT BNewarkCA94560
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing6043 Joaquin Murieta Ave APT B, Newark, CA, 94560 in Newark is a stable, well-positioned rental at $549,950. Rental yield 6.65%. DSCR 1.23 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $151,941 in value and $5,065/yr in principal paydown builds equity, a total projected return of $185,809.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 6.0% |
| Monthly Cash Flow | $(353) | $1,200 |
City averages based on Newark market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,049 |
| Total Monthly Debt Service | $3,183 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94560, Newark, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,425 (100%) |
| Owner Occupied HU | 11,166 (68.0%) |
| Renter Occupied HU | 4,717 (28.7%) |
| Vacant Housing Units | 542 ( 3.3%) |
| Median Home Value | $1,208,016 |
| Average Home Value | $1,253,420 |
Housing Distribution
Address Breakdown
Residential
16,059
Single Family
12,213
Multi-Family
3,846
Businesses
1,596
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 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 94560, Newark, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,425 (100%) |
| Owner Occupied HU | 11,166 (68.0%) |
| Renter Occupied HU | 4,717 (28.7%) |
| Vacant Housing Units | 542 ( 3.3%) |
| Median Home Value | $1,208,016 |
| Average Home Value | $1,253,420 |
Housing Distribution
Address Breakdown
Residential
16,059
Single Family
12,213
Multi-Family
3,846
Businesses
1,596
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jim Higgins • Corcoran Icon Properties
Mls Name: MLSListings Inc
Mls ID: #ML82013848