130 Renner AveNewarkNJ07112
Nearby investment properties with comparable rents
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
Investment property for sale in Newark at 130 Renner Ave, Newark, NJ, 07112 listed at $438,888 pairs $3,198/mo rent with a $2,148/mo payment to leave $70/mo cash flow. Total monthly income runs $3,198/mo, and annual cash flow reaches $838/yr on $145,491 cash to close. Return on cash invested measures 20.48% in year one, and rental yield registers 8.74% at a $438,888 basis. Equity gained on principal adds $2,832/yr, and annual property appreciation at 5% supports $121,257 by year five. Five-year ROI tracks 107.16% and total cumulative return in cash totals $155,913. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,198/mo property income relative to a $2,148/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
2,613 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rachel Corrales • Real
Mls Name: GSMLS
Mls ID: #4005055