96 Nichols St, Newark, NJ, 07105 | 5.24% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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96 Nichols St, Newark, NJ, 07105 | 5.24% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newark at 96 Nichols St, Newark, NJ, 07105 offers a 5.24% rental yield on a $699,000 purchase with $3,054/mo rent. Equity gained on principal adds $4,511/yr while 5% annual appreciation supports $193,121 over five years. Portfolio math shows five-year ROI at 50.91% and total cumulative return in cash at $117,074. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,054/mo property income against a $3,421/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in N/A

2,613 sqft lot

$N/A/sqft

No HOA

More details about the property

Don't miss this fantastic opportunity to own a 2-family residence in the heart of the Ironbound! Each unit features 3 spacious bedrooms, 1 Full bathroom, central A/C, and a finished basement. Just a few blocks from Penn Station, steps from independence park and surrounded by top restaurants and shopping. Whether you're an investor or a first-time homebuyer, this is a prime location you'll want to call home!