63-65 Milford AveNewarkNJ07108
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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
Total monthly income runs $3,588/mo, and a $3,328/mo payment. Purchase price stands at $679,900, and rental yield measures 6.33% with $3,588/mo rent. Return on cash invested shows 13.31% in year one, and 5% annual appreciation builds toward $187,844 over five years. Five-year ROI reaches 68.66% and total cumulative return in cash records $153,593. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,588/mo property income covering a $3,328/mo payment rather than investor’s personal income.
Multi Family
Built in 2005
4,356 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
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Listed by: Augusto Verissimo • Weichert Realtors - Home City
Mls Name: GSMLS
Mls ID: #3969771