62 N 6Th StNewarkNJ07107
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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 62 N 6Th St, Newark, NJ, 07107 uses $180,621 cash to close to unlock $7,403/yr annual cash flow and $617/mo monthly cash flow. Total monthly income runs $4,530/mo, and a $2,687/mo payment keeps the spread at $617/mo. Purchase price stands at $549,000, and rental yield measures 9.9% with $4,530/mo rent. Return on cash invested shows 24.16% in year one, and 5% annual appreciation builds toward $151,679 over five years. Five-year ROI reaches 126.83% and total cumulative return in cash records $229,088. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,530/mo property income covering a $2,687/mo payment rather than investor’s personal income.
Multi Family
Built in 1950
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07107, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,578 (100%) |
| Owner Occupied HU | 2,977 (19.1%) |
| Renter Occupied HU | 11,548 (74.1%) |
| Vacant Housing Units | 1,053 ( 6.8%) |
| Median Home Value | $408,045 |
| Average Home Value | $427,148 |
Housing Distribution
Address Breakdown
Residential
12,473
Single Family
7,330
Multi-Family
5,143
Businesses
646
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Listed by: John Casolaro Jr • The Mountaintop Group Llc
Mls Name: GSMLS
Mls ID: #3993951