69 New York Ave, Newark, NJ, 07105 | 5.75% Rental Yield

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69 New York Ave, Newark, NJ, 07105 | 5.75% Rental Yield | Ziffy

Pending

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 69 New York Ave, Newark, NJ, 07105 listed at $749,900 pairs $3,594/mo rent with a $3,670/mo payment. Total monthly income runs $3,594/mo. Return on cash invested measures 11.54% in year one, and rental yield registers 5.75% at a $749,900 basis. Equity gained on principal adds $4,839/yr, and annual property appreciation at 5% supports $207,184 by year five. Five-year ROI tracks 59.21% and total cumulative return in cash totals $146,074. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,594/mo property income relative to a $3,670/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 1870

2,178 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 69 New York Avenue!This fantastic, well-maintained two-family home in the Ironbound offers the best of all worlds in one of Newark?s most desirable neighborhoods. Just five short blocks from Penn Station, enjoy a quick 20-minute train ride into Manhattan, plus easy access to Ferry Street?s renowned restaurants, shops, and the vibrant heart of the community.The first-floor unit features an open-concept layout, comprising a kitchen, living/dining room, and a full bath with a stall shower. The spacious second-floor unit offers a kitchen, living room with balcony, three bedrooms, and a full bath?highlighted by beautiful hardwood floors throughout. A partially finished basement, driveway, and two-car garage complete this exceptional property.Don?t miss out on this opportunity to own a home in a thriving community?whether for investment or as a primary residence, the possibilities are endless!