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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 318 N 7Th St, Newark, NJ, 07107 listed at $629,000 pairs $4,530/mo rent with a $3,079/mo payment to leave $46/mo cash flow. Total monthly income runs $4,530/mo, and annual cash flow reaches $555/yr on $206,941 cash to close. Return on cash invested measures 20.33% in year one, and rental yield registers 8.64% at a $629,000 basis. Equity gained on principal adds $4,059/yr, and annual property appreciation at 5% supports $173,781 by year five. Five-year ROI tracks 106.31% and total cumulative return in cash totals $220,005. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,530/mo property income relative to a $3,079/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1887
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07107, Newark, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,578 (100%) |
| Owner Occupied HU | 2,977 (19.1%) |
| Renter Occupied HU | 11,548 (74.1%) |
| Vacant Housing Units | 1,053 ( 6.8%) |
| Median Home Value | $408,045 |
| Average Home Value | $427,148 |
Residential
12,473
Single Family
7,330
Multi-Family
5,143
Businesses
646
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: Cesar Gonzalez • Re/Max Professionals I
Mls Name: GSMLS
Mls ID: #4000833
