74 Houston StNewarkNJ07105
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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 74 Houston St, Newark, NJ, 07105 priced at $253,750 converts $1,842/mo rent into $33/mo cash flow after a $1,242/mo obligation. Total monthly income equals $1,842/mo, and annual cash flow totals $399/yr on $84,118 invested. Return on cash invested prints 20.38% in year one, and rental yield reads 8.71% against a $253,750 entry. Equity gained on principal adds $1,637/yr, while 5% annual appreciation compiles into $70,106 by year five. Five-year ROI reaches 106.65% and total cumulative return in cash sums $89,711. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,842/mo property income covering a $1,242/mo payment, not borrower’s personal income.
Single Family
Built in 1900
1,742 sqft lot
$N/A/sqft
No HOA
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Listed by: Anthony J. Cali • A.J. Cali Real Estate
Mls Name: GSMLS
Mls Provider:
Mls ID: #3967560
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