183 Chancellor AveNewarkNJ07112
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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 183 Chancellor Ave, Newark, NJ, 07112 earns from $3,433/mo rent with a $2,937/mo payment. Total monthly income totals $3,433/mo. ROI tracks 14.93% on current figures, and rental yield reads 6.87% at a $600,000 purchase. Equity gained on principal adds $3,872/yr, and 5% annual appreciation supports $165,769 over five years. Five-year ROI reaches 77.34% and total cumulative return in cash sums $152,664. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,433/mo property income instead of your personal income.
Multi Family
Built in 2001
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07112, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,847 (100%) |
| Owner Occupied HU | 2,768 (23.4%) |
| Renter Occupied HU | 8,072 (68.1%) |
| Vacant Housing Units | 1,007 ( 8.5%) |
| Median Home Value | $363,598 |
| Average Home Value | $433,572 |
Housing Distribution
Address Breakdown
Residential
9,155
Single Family
5,526
Multi-Family
3,629
Businesses
414
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Listed by: Jhaicob Estil-sauveur • Gold Standard Realty
Mls Name: GSMLS
Mls ID: #4003434