240 W Kinney StNewarkNJ07103
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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
Rental property for sale in Newark at 240 W Kinney St, Newark, NJ, 07103 generates $2,267/mo in rent, after a $1,591/mo payment. Total monthly income is $2,267/mo. Return on cash invested sits at 19.35% in year one, and rental yield is 8.37% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 101.11% and total cumulative return in cash sums $108,937. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,267/mo property income rather than buyer’s personal income.
Townhouse
Built in 2000
9,999 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: Sandy Etienne • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3975518