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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% |
Rental property for sale in Newark at 124 Stone St UNIT 2, Newark, NJ, 07104 generates $4,200/mo in rent and, after a $2,814/mo payment, leaves $102/mo in cash flow. Total monthly income is $4,200/mo, and annual cash flow is $1,222/yr on $189,175 invested. Return on cash invested sits at 20.71% in year one, and rental yield is 8.77% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 108.32% and total cumulative return in cash sums $204,923. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,200/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07104, Newark, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,503 (100%) |
| Owner Occupied HU | 3,939 (18.3%) |
| Renter Occupied HU | 16,603 (77.2%) |
| Vacant Housing Units | 961 ( 4.5%) |
| Median Home Value | $446,782 |
| Average Home Value | $539,320 |
Residential
18,051
Single Family
8,845
Multi-Family
9,206
Businesses
1,010
Date | Event | Price |
|---|---|---|
| 2024-11-08 | Price change | $575,000 |
| 2024-09-15 | Listed for sale | $599,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Andres Ayala • C-21 John Anthony
Mls Name: GSMLS
Mls Provider:
Mls ID: #3923969
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
