264 Matthews DrNewarkNJ07103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 264 Matthews Dr, Newark, NJ, 07103 listed at $295,000 pairs $2,084/mo rent with a $1,444/mo payment. Total monthly income runs $2,084/mo. Return on cash invested measures 19.68% in year one, and rental yield registers 8.48% at a $295,000 basis. Equity gained on principal adds $1,904/yr, and annual property appreciation at 5% supports $81,503 by year five. Five-year ROI tracks 102.87% and total cumulative return in cash totals $100,598. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,084/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Louna Pierre • New And Modern Group
Mls Name: GSMLS
Mls ID: #4007267