6318 Joaquin Murieta Ave APT BNewarkCA94560
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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 6318 Joaquin Murieta Ave APT B, Newark, CA, 94560 offers a 8.45% rental yield on a $399,000 purchase with $2,808/mo rent. Total monthly income registers $2,808/mo, and a $1,953/mo payment leaves $340/mo available for distribution. Annual cash flow reaches $4,075/yr on $132,269 to close, and return on cash invested stands at 22.99% in year one. Equity gained on principal adds $2,575/yr while 5% annual appreciation supports $110,236 over five years. Portfolio math shows five-year ROI at 119.36% and total cumulative return in cash at $157,874. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,808/mo property income against a $1,953/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1982
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
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Listed by: Nicki Banucci • Compass
Mls Name: MLSListings Inc
Mls ID: #ML82030216