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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Newark at 227 Wainwright Street UNIT 225, Newark, NJ, 07112 earns from $2,842/mo rent with a $2,447/mo payment. Total monthly income totals $2,842/mo. ROI tracks 14.68% on current figures, and rental yield reads 6.82% at a $500,000 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,141 over five years. Five-year ROI reaches 76.06% and total cumulative return in cash sums $126,068. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,842/mo property income instead of your personal income.
Multi Family
Built in 1927
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07112, Newark, NJ area.
| 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 |
Residential
9,155
Single Family
5,526
Multi-Family
3,629
Businesses
414
Date | Event | Price |
|---|---|---|
| 2024-12-04 | Price change | $500,000 |
| 2024-10-19 | Pending sale | $475,000 |
| 2024-08-08 | Listed for sale | $475,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Nancy Ellithy • Keller Williams Realty Central Monmouth
Mls Name: MOMLS
Mls Provider:
Mls ID: #22422158
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
