19 Wakeman Ave, Newark, NJ, 07104 | 6.92% Rental Yield

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19 Wakeman Ave, Newark, NJ, 07104 | 6.92% Rental Yield | 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 19 Wakeman Ave, Newark, NJ, 07104 at $415,000 posts ROI 14.99% with from $2,394/mo rent. Total monthly income equals $2,394/mo. Return on cash invested measures 14.99% and rental yield reads 6.92% at the current $415,000. Equity gained on principal adds $2,678/yr, and 5% annual appreciation supports $114,657 by year five. Five-year ROI prints 77.73% and total cumulative return in cash totals $106,929. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,394/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Townhouse

Built in 1900

2,178 sqft lot

$N/A/sqft

No HOA

More details about the property

Attention first time home buyers/investors!!! With love and care you can buy this house in one of the most desirable areas of Newark NJ. Convenient access to all major highways, and an easy commute to New York City, also just minutes from Branch Brook Park, within close distance to Kearny & Bloomfield NJ. The property offers a well-distributed layout with a spacious living room, dining area, and three large bedrooms. The basement has a full bathroom and an independent entrance to an above-ground unit with one bedroom, presenting the potential for additional living space, an income-producing opportunity, or creative use depending on the buyer's vision. While the home does need TLC and updates are needed throughout the value lies in its location, space, and potential. With plenty of street parking and strong community growth in the area, this property is perfect for investors, first-time home buyers, or anyone looking to remodel, add their personal touch, and bring this home back to life. This is truly a great opportunity to own in one of Newark's most promising areas. Come see it for yourself!!

Neighborhood Data

Neighborhood data shown for ZIP Code: 07104, Newark, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,503 (100%)
Owner Occupied HU	3,939 (18.3%)
Renter Occupied HU	16,603 (77.2%)
Vacant Housing Units	961 ( 4.5%)
Median Home Value	$446,782
Average Home Value	$539,320