101 Schley StNewarkNJ07112
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
Rental property for sale in Newark at 101 Schley St, Newark, NJ, 07112 priced at $314,900 converts $2,724/mo rent into $480/mo cash flow after a $1,541/mo obligation. Total monthly income equals $2,724/mo, and annual cash flow totals $5,757/yr on $104,389 invested. Return on cash invested prints 25.42% in year one, and rental yield reads 10.38% against a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation compiles into $87,001 by year five. Five-year ROI reaches 133.64% and total cumulative return in cash sums $139,510. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,724/mo property income covering a $1,541/mo payment, not borrower’s personal income.
Multi Family
Built in 1925
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07112, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,847 (100%) |
| Owner Occupied HU | 2,768 (23.4%) |
| Renter Occupied HU | 8,072 (68.1%) |
| Vacant Housing Units | 1,007 ( 8.5%) |
| Median Home Value | $363,598 |
| Average Home Value | $433,572 |
Housing Distribution
Address Breakdown
Residential
9,155
Single Family
5,526
Multi-Family
3,629
Businesses
414
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Listed by: Patrick Fox Jr • American Realty Services Group
Mls Name: GSMLS
Mls Provider:
Mls ID: #3954259
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