267 S 8th St, Newark, NJ, 07103 | Equity Gain $9,679/yr

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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267 S 8th St, Newark, NJ, 07103 | Equity Gain $9,679/yr | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newark at 267 S 8th St, Newark, NJ, 07103 with 5% annual appreciation on a $1,500,000 basis while $2,580/mo rent supports operations. 34% in year one. Equity gained on principal adds $9,679/yr, and five-year appreciation sums $414,422 alongside rental yield of 2.06%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,580/mo property income versus a $7,342/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Multi Family

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Fantastic 4 unit building to share or invest in. Fully Renovated and updated with refinished wood floors, New Kitchens, granite counters and all new appliances including Washer/dryer in each unit. Central air and forced air service each unit along with individual water heaters for each in the HUGE basement which also offers plenty of room for storage. Each unit is nearly identical and offer 3 bedrooms and 2 full bathrooms which included the primary suite in the rear of each unit. Back hallway exit leads to rear exit and access to basement storage. Short walk to Rutgers Newark and great for commuters with Newark Penn near by along with a variety of other communities options throughout the area. This Turnkey 4 unit building is all set.

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