49B Wickliffe StNewarkNJ07103
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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
Rental property for sale in Newark at 49B Wickliffe St, Newark, NJ, 07103 offers $2,644/mo rent that, after a $1,297/mo payment, leaves $755/mo cash flow. Total monthly income is $2,644/mo, and annual cash flow is $9,062/yr on $87,848 cash. Return on cash invested measures 30.22% in year one, and rental yield stands at 11.97% at a $265,000 entry. Equity gained on principal adds $1,710/yr while 5% annual appreciation compounds into $73,215 by year five. Five-year ROI records 159.43% and total cumulative return in cash reaches $140,055. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,644/mo property income versus a $1,297/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1990
N/A 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: Albert Cupo • A.J.C Realty Exchange, Llc
Mls Name: GSMLS
Mls ID: #3981515