69 South StNewarkNJ07102
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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 69 South St, Newark, NJ, 07102 offers $2,880/mo rent that, after a $3,911/mo payment. Total monthly income is $2,880/mo. Return on cash invested measures 7.21% in year one, and rental yield stands at 4.33% at a $799,000 entry. Equity gained on principal adds $5,156/yr while 5% annual appreciation compounds into $220,749 by year five. Five-year ROI records 35.94% and total cumulative return in cash reaches $94,482. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,880/mo property income versus a $3,911/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1912
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07102, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,550 (100%) |
| Owner Occupied HU | 353 ( 4.7%) |
| Renter Occupied HU | 6,198 (82.1%) |
| Vacant Housing Units | 999 (13.2%) |
| Median Home Value | $371,318 |
| Average Home Value | $525,500 |
Housing Distribution
Address Breakdown
Residential
6,993
Single Family
1,750
Multi-Family
5,243
Businesses
1,944
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Listed by: Victor Ramos Faist • Keller Williams Park Views
Mls Name: GSMLS
Mls ID: #4007547