66 Garrison StNewarkNJ07105
INVESTMENT ANALYSIS
Investment Verdict
Solid Income66 Garrison St, Newark, NJ, 07105 in Newark carries a 1.52 coverage ratio, rent of $3,760/mo is 1.52 times the $2,469/mo payment. Rental yield 8.22%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $549,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $151,679; total projected cumulative return: $200,545.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 7.2% |
| Monthly Cash Flow | $(154) | $1,250 |
City averages based on Newark market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,760 |
| Total Monthly Debt Service | $3,695 |
| DSCR Ratio | 1.02x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Single Family
Built in 1880
1,742 sqft lot
$N/A/sqft
No HOA
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
Single Family
Built in 1880
1,742 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Antonio Albuquerque • Rosa Agency
Mls Name: GSMLS
Mls ID: #3984323