226 Matthews DrNewarkNJ07103
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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 226 Matthews Dr, Newark, NJ, 07103 offers a 10.71% rental yield on a $408,888 purchase with $3,650/mo rent. Total monthly income registers $3,650/mo, and a $2,001/mo payment leaves $736/mo available for distribution. Annual cash flow reaches $8,830/yr on $135,546 to close, and return on cash invested stands at 26.42% in year one. Equity gained on principal adds $2,638/yr while 5% annual appreciation supports $112,968 over five years. Portfolio math shows five-year ROI at 139% and total cumulative return in cash at $188,410. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,650/mo property income against a $2,001/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1990
N/A 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: Matthew Blackman • Real
Mls Name: GSMLS
Mls ID: #4008662