349 Osborne Ter, Newark, NJ, 07112 | 3.84% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

349 Osborne Ter, Newark, NJ, 07112 | 3.84% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
1 Bath
1080 sft

123 Elizabeth St, South Bound Brook, NJ, 08880

2 Bed
2 Bath
- sft

121 Beverly Hill Ter #F, Woodbridge, NJ, 07095

3 Bed
1 Bath
1290 sft

415 Walnut St, Dunellen, NJ, 08812

2 Bed
2 Bath
- sft

144C Overlook Ct #C, Woodbridge, NJ, 07095

Nearby investment properties with comparable prices

6 Bed
4 Bath
- sft

20 High St, New Providence, NJ, 07974

4 Bed
3 Bath
- sft

19 Juniper Way, Basking Ridge, NJ, 07920

3 Bed
2 Bath
- sft

10 Stockton Rd, Summit, NJ, 07901

4 Bed
3 Bath
3400 sft

20 Shunpike Rd, Springfield, NJ, 07081

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Newark at 349 Osborne Ter, Newark, NJ, 07112 generates $3,199/mo in rent, after a $4,890/mo payment. Total monthly income is $3,199/mo. Return on cash invested sits at 5.74% in year one, and rental yield is 3.84% on a $999,000 entry. Equity gained on principal adds $6,446/yr, while 5% annual appreciation builds toward $276,005 over five years. Five-year ROI reaches 28.07% and total cumulative return in cash sums $92,246. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,199/mo property income rather than buyer’s personal income.

Multi Family

Built in 1922

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this impressive 3-family home located in the desirable Weequahic section of Newark, just off Lyons Avenue minutes from Beth Israel Hospital and the Newark Public Library. This property offers exceptional space, modern updates, and great investment potential!The home features:Two spacious 4-bedroom, 2-bath unitsOne 2-bedroom, 1-bath unitFull unfinished basement with high ceilings offering great potential for additional living or recreational spaceEach unit has been tastefully updated, including:Modern bathroomsLiving and dining areas with tile and laminate flooringFully equipped kitchens with granite countertops and stainless steel appliancesThe property also includes a large parking lot that can accommodate 5"8 cars, providing a rare convenience for multi-family living.Tenants are currently on month-to-month leases, giving new owners flexibility for occupancy or rent adjustments.Situated within walking distance to stores, public transportation, and major highways, this property offers easy access to Newark Penn Station, downtown Newark, and New York City, making commuting a breeze.Perfect for investors or first-time buyers looking for a strong income-producing property with low out-of-pocket costs 349 Osborne Terrace is a must-see opportunity in one of Newark's most historic and convenient neighborhoods!

Neighborhood Data

Neighborhood data shown for ZIP Code: 07112, Newark, NJ area.

Housing Distribution

Housing Statistics

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