70 Sherman AveNewarkNJ07114
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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 70 Sherman Ave, Newark, NJ, 07114 generates $3,080/mo in rent, after a $2,937/mo payment. Total monthly income is $3,080/mo. Return on cash invested sits at 12.78% in year one, and rental yield is 6.16% on a $599,999 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 65.83% and total cumulative return in cash sums $129,947. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,080/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07114, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,596 (100%) |
| Owner Occupied HU | 560 (12.2%) |
| Renter Occupied HU | 3,699 (80.5%) |
| Vacant Housing Units | 337 ( 7.3%) |
| Median Home Value | $493,431 |
| Average Home Value | $512,478 |
Housing Distribution
Address Breakdown
Residential
3,999
Single Family
1,822
Multi-Family
2,177
Businesses
1,000
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Listed by: Tatiana Galvan • Real
Mls Name: GSMLS
Mls ID: #4001311