123 Alexander St, Newark, NJ, 07106 | $297/mo Cash Flow

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123 Alexander St, Newark, NJ, 07106 | $297/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 123 Alexander St, Newark, NJ, 07106 listed at $295,000 pairs $2,400/mo rent with a $1,444/mo payment to leave $297/mo cash flow. Total monthly income runs $2,400/mo, and annual cash flow reaches $3,566/yr on $97,793 cash to close. Return on cash invested measures 23.56% in year one, and rental yield registers 9.76% at a $295,000 basis. Equity gained on principal adds $1,904/yr, and annual property appreciation at 5% supports $81,503 by year five. Five-year ROI tracks 123.67% and total cumulative return in cash totals $120,938. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1915

3,920 sqft lot

$N/A/sqft

No HOA

More details about the property

A great opportunity for a savvy Investor or homebuyer with a vision for this 2-bedroom (formerly 3-bedroom), 1-bath home. The property sits on an oversized lot with a detached 2-car garage, offering excellent potential for renovation or redevelopment. The first floor includes an enclosed porch, living room, dining room, and kitchen, with basement access from the kitchen. Upstairs features two spacious bedrooms and a full bath. Strictly As-Is Sale. No credit. Buyer is responsible for all municipal certificates, including the Certificate of Occupancy (CO). Cash buyers preferred. Quick close desired. Great opportunity to unlock hidden value and create your vision.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07106, Newark, NJ area.

Housing Distribution

Housing Statistics

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