811 S 13th StNewarkNJ07108
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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
Investment property for sale in Newark at 811 S 13th St, Newark, NJ, 07108 listed at $797,000 pairs $2,378/mo rent with a $3,901/mo payment. Total monthly income runs $2,378/mo. Return on cash invested measures 4.94% in year one, and rental yield registers 3.58% at a $797,000 basis. Equity gained on principal adds $5,143/yr, and annual property appreciation at 5% supports $220,196 by year five. Five-year ROI tracks 23.82% and total cumulative return in cash totals $62,450. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,378/mo property income relative to a $3,901/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1910
3,001 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07108, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,489 (100%) |
| Owner Occupied HU | 1,712 (14.9%) |
| Renter Occupied HU | 8,769 (76.3%) |
| Vacant Housing Units | 1,008 ( 8.8%) |
| Median Home Value | $401,970 |
| Average Home Value | $431,478 |
Housing Distribution
Address Breakdown
Residential
8,969
Single Family
5,693
Multi-Family
3,276
Businesses
407
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Listed by: EIESHA DUNCAN • KELLER WILLIAMS ELITE REALTORS
Mls Name: All Jersey MLS
Mls ID: #2605884R