48 Howard Ct #709NewarkNJ07103
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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
Investment Highlights
Investment property for sale in Newark at 48 Howard Ct #709, Newark, NJ, 07103 earns $743/mo cash flow from $2,176/mo rent with a $984/mo payment. Total monthly income totals $2,176/mo, and annual cash flow totals $8,917/yr on $66,632 capital. ROI tracks 33.29% on current figures, and rental yield reads 12.99% at a $201,000 purchase. Equity gained on principal adds $1,297/yr, and 5% annual appreciation supports $55,533 over five years. Five-year ROI reaches 175.91% and total cumulative return in cash sums $117,214. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,176/mo property income instead of your personal income.
Condo
Built in 1990
5.56 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
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Listed by: N/A • N/A
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