223 16Th AveNewarkNJ07103
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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 223 16Th Ave, Newark, NJ, 07103 uses $142,214 cash to close to unlock $2,627/yr annual cash flow and $219/mo monthly cash flow. Total monthly income runs $3,277/mo, and a $2,100/mo payment keeps the spread at $219/mo. Purchase price stands at $429,000, and rental yield measures 9.17% with $3,277/mo rent. Return on cash invested shows 21.76% in year one, and 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 113.96% and total cumulative return in cash records $162,073. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,277/mo property income covering a $2,100/mo payment rather than investor’s personal income.
Single Family
Built in 2000
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07103, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,635 (100%) |
| Owner Occupied HU | 2,562 (16.4%) |
| Renter Occupied HU | 11,462 (73.3%) |
| Vacant Housing Units | 1,611 (10.3%) |
| Median Home Value | $343,782 |
| Average Home Value | $411,663 |
Housing Distribution
Address Breakdown
Residential
11,815
Single Family
7,659
Multi-Family
4,156
Businesses
947
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Listed by: William Liederman • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4004115