86 S Devine StNewarkNJ07106
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 86 S Devine St, Newark, NJ, 07106 in Newark offers a clean, manageable entry. Rental yield 6.21%. DSCR 1.15 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $140,876 in additional property value over five years, with $4,696/yr in principal equity building ownership stake. Total projected cumulative return: $131,450.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.2% | 7.2% |
| Monthly Cash Flow | $(994) | $1,250 |
City averages based on Newark market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,640 |
| Total Monthly Debt Service | $3,432 |
| DSCR Ratio | 0.77x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Multi Family
Built in 1907
2,613 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
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
Multi Family
Built in 1907
2,613 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