691 E 20th St, Newark, NJ, 07103 | 3.64% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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691 E 20th St, Newark, NJ, 07103 | 3.64% 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

Total monthly income runs $2,580/mo, and a $4,160/mo payment. Purchase price stands at $850,000, and rental yield measures 3.64% with $2,580/mo rent. Return on cash invested shows 5.13% in year one, and 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 24.82% and total cumulative return in cash records $69,406. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,580/mo property income covering a $4,160/mo payment rather than investor’s personal income.

Multi Family

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Under Construction New Two-Family Home in Newark's West Side Modern and spacious, this new construction two-family home features two full units across three levelsideal for owner-occupants or investors. Unit 1 Duplex: 3 bedrooms, 3 full bathrooms. The first floor offers an open-concept living and dining area with hardwood floors, a gourmet kitchen with quartz countertops, stainless steel appliances, a large island, and a laundry room. The primary bedroom includes an en-suite bathroom and a walk-in closet. The ground level adds a large recreation room, full bathroom, dedicated laundry room, interior garage access, and backyard entry. Unit 2 Second Floor: 3 bedrooms, 2 full bathrooms. Features an open layout with hardwood floors, a modern kitchen with quartz countertops, stainless steel appliances, a large island, a laundry room, and a primary suite with a private bathroom and walk-in closet. Extras include a built-in garage, two-car parking, a low-maintenance backyard, a 5-year tax abatement, and a 10-year builder's warranty. Conveniently located near University Hospital, Rutgers University, and major highways. Schedule your private tour todaydon't miss out on this incredible opportunity!

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