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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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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 493 S 17th St, Newark, NJ, 07103 offers a 6.2% rental yield on a $499,000 purchase with $2,580/mo rent. 83% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 66.09% and total cumulative return in cash at $109,326. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,580/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1908
2,613 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 |
|---|---|---|
| 2024-09-06 | Price change | $499,000 |
| 2024-07-25 | Listed for sale | $529,000 |
| 2022-03-23 | Sold | $326,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $6538.00 | 0.05% | $204,900 | 17.09% |
| 2022-10-16 | $6534.50 | 27.38% | $175,000 | N/A |
| 2021-10-16 | $5130.00 | 1.04% | $175,000 | 29.63% |
Listed by: Michele Cascelli • Howard Hanna Rand Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3915435
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 2024 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.
