72 Union St BLDG 72 #B7, Newark, NJ, 07105 | 7.13% Rental Yield

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72 Union St BLDG 72 #B7, Newark, NJ, 07105 | 7.13% 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 $3,120/mo, and a $2,570/mo payment. Purchase price stands at $525,000, and rental yield measures 7.13% with $3,120/mo rent. Return on cash invested shows 15.74% in year one, and 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 81.67% and total cumulative return in cash records $141,069. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,120/mo property income covering a $2,570/mo payment rather than investor’s personal income.

Condo

Built in 1992

1,306 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully updated 3 bedroom, 2.5 bathroom condo at 72 Union Street, Unit B7, in the heart of Newark's Ironbound. Spanning two levels, this spacious home is filled with natural light and offers the perfect blend of comfort, style, and convenience. The open concept main floor features a large kitchen with center island, recently upgraded with new appliances, and seamlessly flows into the dining and living areas, ideal for entertaining. Three private balconies throughout the home provide sweeping views and great outdoor space to enjoy. The primary suite includes two closets, a private balcony, and a fully updated en-suite bathroom. Two additional bedrooms share easy access to a second full bath, with a powder room conveniently located on the main level. Modern upgrades include a new HVAC system, tankless water heater, and in-unit washer and dryer. Located just one block from Newark Penn Station, this home provides unmatched access to PATH, NJ Transit, and Amtrak, perfect for commuters. Step outside and enjoy Ferry Street's vibrant nightlife, restaurants, caf s, and shops, all just minutes away. Additional features include one designated parking spot, visitor parking, and exceptional accessibility. Don't miss the chance to own this rare Ironbound gem offering modern updates, multiple balconies, and unbeatable access to everything Newark has to offer.