293 13Th AveNewarkNJ07103
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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 293 13Th Ave, Newark, NJ, 07103 generates $2,194/mo in rent and, after a $1,346/mo payment, leaves $34/mo in cash flow. Total monthly income is $2,194/mo, and annual cash flow is $406/yr on $91,163 invested. Return on cash invested sits at 20.35% in year one, and rental yield is 9.57% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 107.42% and total cumulative return in cash sums $97,931. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,194/mo property income rather than buyer’s personal income.
Townhouse
Built in N/A
9,999 sqft lot
$N/A/sqft
$200 monthly 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: Tovia Lichtman • Keller Williams Mid-Town Direct
Mls Name: GSMLS
Mls Provider:
Mls ID: #3963467
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