277 Meeker AveNewarkNJ07112
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 277 Meeker Ave, Newark, NJ, 07112 with 5% annual appreciation on a $350,000 basis while $2,406/mo rent supports operations. 99% in year one. Equity gained on principal adds $2,258/yr, and five-year appreciation sums $96,699 alongside rental yield of 8.25%. Five-year ROI measures 99.18% and total cumulative return in cash totals $115,070. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,406/mo property income versus a $1,713/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1909
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07112, Newark, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,155
Single Family
5,526
Multi-Family
3,629
Businesses
414
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brendan Dasilva • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls ID: #4001129