16 White Ter #2, Newark, NJ, 07108 | Equity Gain $6,453/yr

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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16 White Ter #2, Newark, NJ, 07108 | Equity Gain $6,453/yr | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newark at 16 White Ter #2, Newark, NJ, 07108 with 5% annual appreciation on a $999,999 basis while $1,020/mo rent supports operations. 22% in year one. Equity gained on principal adds $6,453/yr, and five-year appreciation sums $276,281 alongside rental yield of 1.22%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,020/mo property income versus a $4,895/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Multi Family

Built in 2025

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Experience modern luxury living in this stunning side-by-side two-family home, newly constructed from the ground up! Each expansive unit spans multiple levels, offering 4 spacious bedrooms and 3.5 beautifully designed bathrooms with thoughtful layouts perfect for today?s lifestyle. Step inside to find gleaming hardwood floors throughout, oversized windows that invite in an abundance of natural light, and an open-concept living and dining area that flows seamlessly into a contemporary kitchen. The chef?s kitchen features sleek shaker cabinetry, quartz countertops, stainless steel appliances, and modern fixtures that add both style and function.Each unit includes a junior en-suite for convenience and privacy, while the entire third floor is dedicated to the primary suite?a true retreat featuring a large walk-in closet and a spa-inspired bathroom with premium finishes.The fully finished basement offers additional living or recreation space, along with washer and dryer hookups for added practicality.Outside, the property includes two detached garages, providing ample parking and storage.From its thoughtful craftsmanship and high-end materials to its spacious design and prime functionality, this home presents a rare opportunity for owner-occupants or investors seeking a modern, income-producing property with all the comforts of new construction.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07108, Newark, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,489 (100%)
Owner Occupied HU	1,712 (14.9%)
Renter Occupied HU	8,769 (76.3%)
Vacant Housing Units	1,008 ( 8.8%)
Median Home Value	$401,970
Average Home Value	$431,478