213 Central AveEast NewarkNJ07029
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in East Newark at 213 Central Ave, East Newark, NJ, 07029 priced at $600,000 converts $3,156/mo rent into after a $2,937/mo obligation. Total monthly income equals $3,156/mo. Return on cash invested prints 13.25% in year one, and rental yield reads 6.31% against a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,769 by year five. Five-year ROI reaches 68.31% and total cumulative return in cash sums $134,844. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,156/mo property income covering a $2,937/mo payment, not borrower’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07029, Harrison, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,464 (100%) |
| Owner Occupied HU | 1,654 (15.8%) |
| Renter Occupied HU | 8,195 (78.3%) |
| Vacant Housing Units | 615 ( 5.9%) |
| Median Home Value | $491,343 |
| Average Home Value | $506,478 |
Housing Distribution
Address Breakdown
Residential
9,739
Single Family
5,824
Multi-Family
3,915
Businesses
477
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Esteban Mesa • Keller Williams Park Views
Mls Name: NJMLS
Mls ID: #25036410