24 Winans AveNewarkNJ07108
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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 24 Winans Ave, Newark, NJ, 07108 listed at $629,600 pairs $3,510/mo rent with a $3,082/mo payment. Total monthly income runs $3,510/mo. Return on cash invested measures 14.39% in year one, and rental yield registers 6.69% at a $629,600 basis. Equity gained on principal adds $4,063/yr, and annual property appreciation at 5% supports $173,947 by year five. Five-year ROI tracks 74.47% and total cumulative return in cash totals $154,265. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,510/mo property income relative to a $3,082/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
3,271 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
8,969
Single Family
5,693
Multi-Family
3,276
Businesses
407
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Listed by: N/A • N/A
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