413 S 16Th St, Newark, NJ, 07103 | 3.73% Rental Yield

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413 S 16Th St, Newark, NJ, 07103 | 3.73% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newark at 413 S 16Th St, Newark, NJ, 07103 offers a 3.73% rental yield on a $699,000 purchase with $2,170/mo rent. 39% in year one. Equity gained on principal adds $4,511/yr while 5% annual appreciation supports $193,121 over five years. Portfolio math shows five-year ROI at 26.17% and total cumulative return in cash at $60,182. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,170/mo property income against a $3,421/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1920

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this fully renovated two-family home set on an oversized double lot, designed for modern living and complete with a spaciously paved yard and parking for up to 8 cars. Unit 1 (first floor and basement) features 4 bedrooms and 2 full baths, including a main level with 2 bedrooms, a full bath, updated kitchen, living room, washer/dryer, and private balcony. The finished basement adds 2 bedrooms, 1 full bath, and ample closet space. Unit 2 (second and third floors) offers 4 bedrooms and 3 full baths. The second floor includes 2 bedrooms, 1 bath, an eat-in kitchen, and washer/dryer. The third floor Boasts 2 spacious primary bedrooms, each with its own en-suite bath and generous closets. ideal for investors, this property is move-in ready and located close to places of worship, shopping, and major highways.

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