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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Newark at 1041 S Orange Ave #01, Newark, NJ, 07106 offers a 4.53% rental yield on a $699,000 purchase with $2,640/mo rent. 84% in year one. 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 39.31% and total cumulative return in cash at $90,410. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $3,421/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Apartment
Built in 1945
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07106, Newark, NJ area.
| 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 |
Residential
10,380
Single Family
6,306
Multi-Family
4,074
Businesses
427
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Blossom Vernon • Bhhs Jordan Baris Realty
Mls Name: GSMLS
Mls ID: #3981272
