Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Newark at 471 S 16Th St, Newark, NJ, 07103 listed at $171,000 pairs $2,467/mo rent with a $837/mo payment to leave $1,248/mo cash flow. Total monthly income runs $2,467/mo, and annual cash flow reaches $14,977/yr on $56,687 cash to close. Return on cash invested measures 46.33% in year one, and rental yield registers 17.31% at a $171,000 basis. Equity gained on principal adds $1,103/yr, and annual property appreciation at 5% supports $47,244 by year five. Five-year ROI tracks 245.83% and total cumulative return in cash totals $139,355. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,467/mo property income relative to a $837/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1904
871.20 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 |
|---|---|---|
| 2025-08-29 | Sold | $171,000 |
| 2025-07-24 | Pending sale | $130,000 |
| 2025-06-20 | Listed for sale | $130,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2025-11-04 | $2924.51 | N/A | $76,900 | N/A |
| 2024-11-04 | $2924.51 | 0.08% | $76,900 | N/A |
| 2023-11-04 | $2922.20 | N/A | $76,900 | N/A |
Listed by: Thomas Marcotrigiano • Tom Marco Real Estate, Inc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3970794
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
