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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 287 Garside St, Newark, NJ, 07104 listed at $675,000 pairs $4,969/mo rent with a $3,304/mo payment to leave $158/mo cash flow. Total monthly income runs $4,969/mo, and annual cash flow reaches $1,890/yr on $222,075 cash to close. Return on cash invested measures 20.91% in year one, and rental yield registers 8.83% at a $675,000 basis. Equity gained on principal adds $4,356/yr, and annual property appreciation at 5% supports $186,490 by year five. Five-year ROI tracks 109.43% and total cumulative return in cash totals $243,015. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,969/mo property income relative to a $3,304/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07104, Newark, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,503 (100%) |
| Owner Occupied HU | 3,939 (18.3%) |
| Renter Occupied HU | 16,603 (77.2%) |
| Vacant Housing Units | 961 ( 4.5%) |
| Median Home Value | $446,782 |
| Average Home Value | $539,320 |
Residential
18,051
Single Family
8,845
Multi-Family
9,206
Businesses
1,010
Date | Event | Price |
|---|---|---|
| 2025-08-13 | Sold | $675,000 |
| 2025-05-26 | Contingent | $699,000 |
| 2025-05-11 | Listed for sale | $699,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-17 | $9922.03 | 0.08% | $260,900 | N/A |
| 2023-10-17 | $9914.20 | N/A | $260,900 | N/A |
| 2022-10-17 | $9914.20 | N/A | $260,900 | N/A |
Listed by: CHRISTOPHER MCFARLAND • EXP REALTY, LLC
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2513690R
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