417 Lafayette St,Newark,NJ,07105

Investment Highlights

Investment property for sale in Newark at 417 Lafayette St, Newark, NJ, 07105 listed at $359,900 pairs $2,809/mo rent with a $1,762/mo payment to leave $243/mo cash flow. Total monthly income runs $2,809/mo, and annual cash flow reaches $2,919/yr on $119,307 cash to close. Return on cash invested measures 22.36% in year one, and rental yield registers 9.37% at a $359,900 basis. Equity gained on principal adds $2,322/yr, and annual property appreciation at 5% supports $99,434 by year five. Five-year ROI tracks 117.21% and total cumulative return in cash totals $139,838. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,809/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).