78 Valley StNewarkNJ07106
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
Investment Highlights
Investment property for sale in Newark at 78 Valley St, Newark, NJ, 07106 uses $116,025 cash to close to unlock $6,208/yr annual cash flow and $517/mo monthly cash flow. Total monthly income runs $3,012/mo, and a $1,713/mo payment keeps the spread at $517/mo. Purchase price stands at $350,000, and rental yield measures 10.33% with $3,012/mo rent. Return on cash invested shows 25.26% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 132.78% and total cumulative return in cash records $154,058. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,012/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in N/A
1,804 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07106, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,911 (100%) |
| Owner Occupied HU | 3,797 (29.4%) |
| Renter Occupied HU | 8,106 (62.8%) |
| Vacant Housing Units | 1,008 ( 7.8%) |
| Median Home Value | $360,258 |
| Average Home Value | $488,069 |
Housing Distribution
Address Breakdown
Residential
10,380
Single Family
6,306
Multi-Family
4,074
Businesses
427
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JILL K BIGGS • COLDWELL BANKER REALTY
Mls Name: HCMLS
Mls ID: #260001455