18 Vaughan DriveNewarkNJ07103
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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 18 Vaughan Drive, Newark, NJ, 07103 with 5% annual appreciation on a $259,990 basis while $2,054/mo rent supports operations. Total monthly income totals $2,054/mo and a $1,273/mo payment preserves $200/mo for cash returns. Annual cash flow comes to $2,404/yr on $86,187 deployed, and return on cash invested reaches 22.7% in year one. Equity gained on principal adds $1,678/yr, and five-year appreciation sums $71,830 alongside rental yield of 9.48%. Five-year ROI measures 119.06% and total cumulative return in cash totals $102,614.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,054/mo property income versus a $1,273/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1990
7.05 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,815
Single Family
7,659
Multi-Family
4,156
Businesses
947
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Listed by: Nancy Sison • Blue Onyx Realty Llc
Mls Name: GSMLS
Mls ID: #3978128