281 S 18Th 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 281 S 18Th St, Newark, NJ, 07103 generates $2,612/mo in rent, after a $1,957/mo payment. Total monthly income is $2,612/mo. Return on cash invested sits at 17.75% in year one, and rental yield is 7.84% on a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 92.5% and total cumulative return in cash sums $122,624. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,612/mo property income rather than buyer’s personal income.
Single Family
Built in 1919
1,742 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: Wilson Merchan • Merchan Team Realty Llc.
Mls Name: GSMLS
Mls ID: #4004199