676 S 20Th St, Newark, NJ, 07103 | 5.04% Rental Yield

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676 S 20Th St, Newark, NJ, 07103 | 5.04% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newark at 676 S 20Th St, Newark, NJ, 07103 listed at $719,000 pairs $3,018/mo rent with a $3,519/mo payment. Total monthly income runs $3,018/mo. Return on cash invested measures 9.37% in year one, and rental yield registers 5.04% at a $719,000 basis. Equity gained on principal adds $4,640/yr, and annual property appreciation at 5% supports $198,646 by year five. Five-year ROI tracks 47.56% and total cumulative return in cash totals $112,505. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,018/mo property income relative to a $3,519/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 1900

2,613 sqft lot

$N/A/sqft

No HOA

More details about the property

Experience the perfect balance of modern elegance and everyday comfort in this beautifully renovated multi-family residence.Each apartment features three spacious bedrooms, two full bathrooms, a convenient in-unit laundry room, and a serene primary suite designed for privacy and relaxation.The open-concept living area seamlessly blends contemporary design with functional living, filling the space with natural light and warmth ideal for both gatherings and quiet evenings at home. The stunning kitchens boast sleek countertops, stainless steel appliances, and custom tile flooring, creating a welcoming space for both entertaining and culinary creativity.The fully finished basement, accessible through a private rear entrance, expands the home's versatility with a summer kitchen, family room, three office spaces, and two full bathrooms perfect for guests or work-from-home flexibility.Outside, the modern fa ade and long shared driveway lead to a paved parking area and private backyard, offering a peaceful retreat for outdoor enjoyment.Whether you're searching for a sophisticated primary home or a premium investment opportunity, this property embodies the best of Newark living featuring luxury finishes, a prime location, and strong rental potential. Just moments from local restaurants, boutique shops, parks, and vibrant nightlife, this residence delivers an unparalleled urban lifestyle with timeless appeal and lasting value.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07103, Newark, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,635 (100%)
Owner Occupied HU	2,562 (16.4%)
Renter Occupied HU	11,462 (73.3%)
Vacant Housing Units	1,611 (10.3%)
Median Home Value	$343,782
Average Home Value	$411,663