219 Peshine Ave, Newark, NJ, 07108 | $510/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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219 Peshine Ave, Newark, NJ, 07108 | $510/mo Cash Flow | Ziffy

For Sale

Listed for sale 5 days ago

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 219 Peshine Ave, Newark, NJ, 07108 with 5% annual appreciation on a $399,900 basis while $3,360/mo rent supports operations. Total monthly income totals $3,360/mo and a $1,957/mo payment preserves $510/mo for cash returns. Annual cash flow comes to $6,119/yr on $132,567 deployed, and return on cash invested reaches 24.52% in year one. Equity gained on principal adds $2,580/yr, and five-year appreciation sums $110,485 alongside rental yield of 10.08%. Five-year ROI measures 128.82% and total cumulative return in cash totals $170,768.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,360/mo property income versus a $1,957/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1912

2,613 sqft lot

$N/A/sqft

No HOA

More details about the property

Renovated 2020 Contemporary Colonial w possible fourth bedroom. The first floor features a bright kitchen with stainless steel appliances and elegant tile flooring. Home boasts a spacious living and eat in kitchen dining area. First floor generously sized full bathroom. The front room offers flexible use as a den, home office, fourth bedroom or playroom. A convenient rear entrance mud room provides access to the backyard and driveway. First floor laundry adds everyday ease. Upstairs, you will find three bedrooms and a second full bathroom. The basement offers great potential for a recreation room, exercise space, or additional storage. A newly paved extended driveway accommodates two or more vehicles. Newer roof, furnace, and hot water heater complete this home. Ideally located near shopping, schools, major highways, NYC, and Newark International Airport. A wonderful alternative to condo living with no monthly fees. Washer dryer needs to be installed in closet off mudroom.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07108, Newark, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,489 (100%)
Owner Occupied HU	1,712 (14.9%)
Renter Occupied HU	8,769 (76.3%)
Vacant Housing Units	1,008 ( 8.8%)
Median Home Value	$401,970
Average Home Value	$431,478