16 E Kinney StNewarkNJ07102
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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
Investment Highlights
Rental property for sale in Newark at 16 E Kinney St, Newark, NJ, 07102 generates $3,877/mo in rent and, after a $2,442/mo payment, leaves $321/mo in cash flow. Total monthly income is $3,877/mo, and annual cash flow is $3,847/yr on $165,419 invested. Return on cash invested sits at 22.23% in year one, and rental yield is 9.32% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 116.54% and total cumulative return in cash sums $192,786. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,877/mo property income rather than buyer’s personal income.
Condo
Built in 2008
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07102, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,550 (100%) |
| Owner Occupied HU | 353 ( 4.7%) |
| Renter Occupied HU | 6,198 (82.1%) |
| Vacant Housing Units | 999 (13.2%) |
| Median Home Value | $371,318 |
| Average Home Value | $525,500 |
Housing Distribution
Address Breakdown
Residential
6,993
Single Family
1,750
Multi-Family
5,243
Businesses
1,944
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Listed by: Meilyn Torres • Realty Of America
Mls Name: GSMLS
Mls ID: #4002026