203 Lake StNewarkNJ07104
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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 203 Lake St, Newark, NJ, 07104 earns $850/mo cash flow from $3,304/mo rent with a $1,685/mo payment. Total monthly income totals $3,304/mo, and annual cash flow totals $10,201/yr on $114,135 capital. ROI tracks 28.85% on current figures, and rental yield reads 11.52% at a $344,300 purchase. Equity gained on principal adds $2,222/yr, and 5% annual appreciation supports $95,124 over five years. Five-year ROI reaches 152.03% and total cumulative return in cash sums $173,520. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,304/mo property income instead of your personal income.
Single Family
Built in 1902
2,949 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
18,051
Single Family
8,845
Multi-Family
9,206
Businesses
1,010
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Listed by: N/A • N/A
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