218-220 Clinton PlNewarkNJ07112
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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
Rental property for sale in Newark at 218-220 Clinton Pl, Newark, NJ, 07112 generates $3,803/mo in rent, after a $4,253/mo payment. Total monthly income is $3,803/mo. Return on cash invested sits at 10.03% in year one, and rental yield is 5.25% on a $869,000 entry. Equity gained on principal adds $5,608/yr, while 5% annual appreciation builds toward $240,089 over five years. Five-year ROI reaches 51.06% and total cumulative return in cash sums $145,967. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,803/mo property income rather than buyer’s personal income.
Multi Family
Built in 1930
3,484 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: Joe Peixinho • Keller Williams City Views Realty
Mls Name: GSMLS
Mls ID: #4006536