74 Houston StNewarkNJ07105
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 74 Houston St, Newark, NJ, 07105 in Newark at $253,750 earns $1,842/mo in rent and nets $33/mo after the $1,141/mo payment, a 8.71% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $70,106 over five years. Ziffy Mortgage underwrites this on a 1.61 DSCR without U.S. credit history. With $2,337/yr in principal paydown, total projected return reaches $99,429.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 7.2% |
| Monthly Cash Flow | $33 | $1,250 |
City averages based on Newark market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,842 |
| Total Monthly Debt Service | $1,708 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
1,742 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1900
1,742 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anthony J. Cali • A.J. Cali Real Estate
Mls Name: GSMLS
Mls Provider:
Mls ID: #3967560
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