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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 251-253 Wainwright St, Newark, NJ, 07112 offers a 6.26% rental yield on a $729,000 purchase with $3,803/mo rent. 09% in year one. Equity gained on principal adds $4,704/yr while 5% annual appreciation supports $201,409 over five years. Portfolio math shows five-year ROI at 67.47% and total cumulative return in cash at $161,832. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,803/mo property income against a $3,568/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1925
3,920 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Cesar Gonzalez • Re/Max Professionals I
Mls Name: GSMLS
Mls ID: #3977267
