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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% |
Rental property for sale in Newark at 388 S 9Th St, Newark, NJ, 07103 generates $2,905/mo in rent, after a $4,038/mo payment. Total monthly income is $2,905/mo. Return on cash invested sits at 6.91% in year one, and rental yield is 4.23% on a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation builds toward $227,932 over five years. Five-year ROI reaches 34.32% and total cumulative return in cash sums $93,165. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,905/mo property income rather than buyer’s personal income.
Multi Family
Built in 2026
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07103, Newark, NJ area.
| 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 |
Residential
11,815
Single Family
7,659
Multi-Family
4,156
Businesses
947
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: Jeanmichel Sery • Jd Frances Realty & G.R.
Mls Name: GSMLS
Mls ID: #4000741
