63-69 Rome StNewarkNJ07105
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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
Rental property for sale in Newark at 63-69 Rome St, Newark, NJ, 07105 offers $3,018/mo rent that, after a $1,908/mo payment, leaves $239/mo cash flow. Total monthly income is $3,018/mo, and annual cash flow is $2,871/yr on $129,248 cash. Return on cash invested measures 22.13% in year one, and rental yield stands at 9.29% at a $389,888 entry. Equity gained on principal adds $2,516/yr while 5% annual appreciation compounds into $107,719 by year five. Five-year ROI records 116.01% and total cumulative return in cash reaches $149,937. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,018/mo property income versus a $1,908/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1990
10,454 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Billy Pena • Keller Williams Park Views
Mls Name: GSMLS
Mls ID: #3977896