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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% |
Rental property for sale in Newark at 283 Ridgewood Ave, Newark, NJ, 07112 generates $3,803/mo in rent, after a $2,936/mo payment. Total monthly income is $3,803/mo. Return on cash invested sits at 17.19% in year one, and rental yield is 7.61% on a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 89.46% and total cumulative return in cash sums $176,560. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,803/mo property income rather than buyer’s personal income.
Multi Family
Built in 1925
4,791 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 |
|---|---|---|
| 2024-08-19 | Listed for sale | $599,900 |
| 2024-07-01 | Listing removed | N/A |
| 2024-03-25 | Pending sale | $569,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Carmen J. Dorns • More Homes Realty, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3919313
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
