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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% |
Investment property for sale in Newark at 286-288 Wainwright St, Newark, NJ, 07112 uses $162,435 cash to close to unlock $3,728/yr annual cash flow and $311/mo monthly cash flow. Total monthly income runs $3,803/mo, and a $2,398/mo payment keeps the spread at $311/mo. Purchase price stands at $490,000, and rental yield measures 9.31% with $3,803/mo rent. Return on cash invested shows 22.2% in year one, and 5% annual appreciation builds toward $135,378 over five years. Five-year ROI reaches 116.38% and total cumulative return in cash records $189,036. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,803/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
N/A 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Michelle Aguilar • Lim Bances Realty
Mls Name: NJMLS
Mls ID: #25032154
