12 14 Patten Pl, Newark, NJ, 07112 | $61/mo Cash Flow

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12 14 Patten Pl, Newark, NJ, 07112 | $61/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Rental Income

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 12 14 Patten Pl, Newark, NJ, 07112 listed at $525,000 pairs $3,803/mo rent with a $2,570/mo payment to leave $61/mo cash flow. Total monthly income runs $3,803/mo, and annual cash flow reaches $726/yr on $172,725 cash to close. Return on cash invested measures 20.48% in year one, and rental yield registers 8.69% at a $525,000 basis. Equity gained on principal adds $3,388/yr, and annual property appreciation at 5% supports $145,048 by year five. Five-year ROI tracks 107.12% and total cumulative return in cash totals $185,025. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,803/mo property income relative to a $2,570/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 1922

3,049 sqft lot

$N/A/sqft

No HOA

More details about the property

Remarks: Discover this spacious and well-maintained 6-bedroom, 3-bathroom 2-family home with a bonus unit, located on a quiet street in the desirable Upper Clinton Hill neighborhood of Newark. Built in 1922, this property offers 4,630 sq ft of living space on a 30x100 lot and features a detached garage with parking for one car plus two additional spaces. Each of the main units offers a functional layout with generous living areas, full bathrooms, and large kitchens, ideal for Owner-occupants or investors looking to generate strong rental income. The second-floor unit a bonus space perfect for extended living or creative use. The home also BOAsts a full-height, semi-finished basement with a bonus bedroom, family room, kitchenette, bar, and ample storage great for entertaining. Delivered vacant at closing and priced to sell, this property is a rare opportunity in one of Newark's most established neighborhoods.

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