42 Vaughan Dr #42NewarkNJ07103
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Investment property for sale in Newark at 42 Vaughan Dr #42, Newark, NJ, 07103 uses $116,025 cash to close to unlock $11,020/yr annual cash flow and $918/mo monthly cash flow. Total monthly income runs $3,413/mo, and a $1,713/mo payment keeps the spread at $918/mo. Purchase price stands at $350,000, and rental yield measures 11.7% with $3,413/mo rent. Return on cash invested shows 29.41% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 155.02% and total cumulative return in cash records $179,858. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,413/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Townhouse
Built in 1990
7.05 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,815
Single Family
7,659
Multi-Family
4,156
Businesses
947
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Malissie L Reid • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3989884