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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Newark at 162 W End Ave, Newark, NJ, 07106 priced at $599,999 pairs $2,640/mo rent with after a $2,937/mo payment. Total monthly income equals $2,640/mo. Return on cash invested is 10.11% in year one, and rental yield stands at 5.28% on a $599,999 basis. Equity gained on principal adds $3,872/yr, and 5% annual appreciation accumulates to $165,769 by year five. Five-year ROI measures 51.48% and total cumulative return in cash reaches $101,627. For financing, Ziffy Mortgage’s DSCR program evaluates $2,640/mo property income against a $2,937/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1952
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07106, Newark, NJ area.
| 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 |
Residential
10,380
Single Family
6,306
Multi-Family
4,074
Businesses
427
Date | Event | Price |
|---|---|---|
| 2025-01-11 | Listed for sale | $599,999 |
| 2019-04-17 | Listing removed | $47,000 |
| 2019-04-16 | Listed for sale | $47,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Tayllor Cooper • Cooper Mckelvey Real Estate Co.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3940986
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
