16 Monticello AveNewarkNJ07106
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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
Investment property for sale in Newark at 16 Monticello Ave, Newark, NJ, 07106 with 5% annual appreciation on a $539,900 basis while $4,672/mo rent supports operations. Total monthly income totals $4,672/mo and a $2,643/mo payment preserves $823/mo for cash returns. Annual cash flow comes to $9,879/yr on $177,627 deployed, and return on cash invested reaches 25.62% in year one. Equity gained on principal adds $3,484/yr, and five-year appreciation sums $149,164 alongside rental yield of 10.38%. Five-year ROI measures 134.71% and total cumulative return in cash totals $239,275.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,672/mo property income versus a $2,643/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1930
3,920 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,380
Single Family
6,306
Multi-Family
4,074
Businesses
427
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Listed by: James Edgerton • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls ID: #4006965