150 Fairmount Ave, Newark, NJ, 07103 | $449/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

150 Fairmount Ave, Newark, NJ, 07103 | $449/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
3 Bath
1200 sft

273 E Grand Ave, Rahway, NJ, 07065

3 Bed
2 Bath
- sft

633 Woodland Ave, Plainfield, NJ, 07062

3 Bed
2 Bath
- sft

210 Buchanan St, Linden, NJ, 07036

3 Bed
2 Bath
- sft

40 Ling St, Fords, NJ, 08863

Nearby investment properties with comparable prices

4 Bed
3 Bath
- sft

57 Weequahic Ave, Newark, NJ, 07112

4 Bed
3 Bath
- sft

139 Pine Grove Ter #141, Newark, NJ, 07106

2 Bed
1 Bath
- sft

81 Battle Hill Ave, Springfield, NJ, 07081

$ 439,000

ROI

Cash Flow/m

1 Bed
1 Bath
- sft

14A Kensington Rd BLDG 14 #A, Chatham, NJ, 07928

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Newark at 150 Fairmount Ave, Newark, NJ, 07103 offers a 9.78% rental yield on a $439,000 purchase with $3,578/mo rent. Total monthly income registers $3,578/mo, and a $2,149/mo payment leaves $449/mo available for distribution. Annual cash flow reaches $5,383/yr on $145,529 to close, and return on cash invested stands at 23.61% in year one. Equity gained on principal adds $2,833/yr while 5% annual appreciation supports $121,288 over five years. Portfolio math shows five-year ROI at 123.92% and total cumulative return in cash at $180,332. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,578/mo property income against a $2,149/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1897

2,613 sqft lot

$N/A/sqft

No HOA

More details about the property

This massive 4-bedroom, 2-bath home offers over 2,500 sq ft of living space, blending a classic layout with thoughtful modern updates. Enjoy separate living and dining rooms with hardwood floors and recessed lighting. The updated kitchen features modern cabinetry, sleek counters, stainless-steel appliances, and gold hardware accents. A finished attic adds flexibility for an office, studio, or guest space. Both bathrooms have been updated with clean tilework and contemporary fixtures. The covered front porch and private rear yard offer great spaces for outdoor enjoyment, while the full basement provides additional storage and future finishing potential. Approximately 30-40 minutes to NYC via nearby public transportation. Conveniently close to parks, schools, shopping, and local amenities. An underground oil tank was previously on the property and has been professionally addressed, with documentation available upon request. Owner-occupied; will be delivered 100% vacant at closing for a smooth transition. Massive layout, modern upgrades, and a prime Newark locationschedule your showing and bring your offer today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 07103, Newark, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,635 (100%)
Owner Occupied HU	2,562 (16.4%)
Renter Occupied HU	11,462 (73.3%)
Vacant Housing Units	1,611 (10.3%)
Median Home Value	$343,782
Average Home Value	$411,663