103 Renner AveNewarkNJ07112
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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 103 Renner Ave, Newark, NJ, 07112 priced at $380,500 pairs $3,803/mo rent with $1,091/mo cash flow after a $1,862/mo payment. Total monthly income equals $3,803/mo, and annual cash flow comes to $13,095/yr on $126,136 invested. Return on cash invested is 30.29% in year one, and rental yield stands at 11.99% on a $380,500 basis. Equity gained on principal adds $2,455/yr, and 5% annual appreciation accumulates to $105,125 by year five. Five-year ROI measures 159.76% and total cumulative return in cash reaches $201,518. For financing, Ziffy Mortgage’s DSCR program evaluates $3,803/mo property income against a $1,862/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1917
5,227 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: Sayeeda Moore • Re/Max First Realty Ii
Mls Name: GSMLS
Mls Provider:
Mls ID: #3966946
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