5 Pomona Avenue Unit F BLDG 5 #F, Newark, NJ, 07112 | 8.18% Rental Yield

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5 Pomona Avenue Unit F BLDG 5 #F, Newark, NJ, 07112 | 8.18% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Newark at 5 Pomona Avenue Unit F BLDG 5 #F, Newark, NJ, 07112 priced at $219,999 pairs $1,500/mo rent with after a $1,077/mo payment. Total monthly income equals $1,500/mo. Return on cash invested is 18.78% in year one, and rental yield stands at 8.18% on a $219,999 basis. Equity gained on principal adds $1,420/yr, and 5% annual appreciation accumulates to $60,782 by year five. Five-year ROI measures 98.05% and total cumulative return in cash reaches $71,507. For financing, Ziffy Mortgage’s DSCR program evaluates $1,500/mo property income against a $1,077/mo payment instead of your W2s, 1099s, or Tax returns.

Condo

Built in 1968

1,306 sqft lot

$N/A/sqft

No HOA

More details about the property

Lights, camera, Newark! With Lionsgate Studios bringing major film production to the city, Newark is rising as the Hollywood of the East. A creative and economic renaissance is taking shape, making this the perfect moment to plant roots or invest while pricing remains accessible. This bright and beautifully maintained 2-bedroom, 1-bath condo offers the perfect blend of comfort, style, and future potential. With tasteful upgrades, abundant natural light, and a warm, move-in ready atmosphere, this home reflects true pride of ownership from the moment you walk in. This Beautiful building is just steps from Weequahic Park, one of the largest green spaces in Essex County, you'll enjoy scenic walking trails, lakeside views, and recreational amenities right outside your door. Plus, with easy access to major highways and direct routes into New York City, your commute or weekend getaway is always within reach. Whether you're a first-time buyer, savvy investor, or someone who sees the writing on the wall, this is your opportunity to be part of Newark's exciting next chapter and to own a front-row seat to all that's coming next.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07112, Newark, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,847 (100%)
Owner Occupied HU	2,768 (23.4%)
Renter Occupied HU	8,072 (68.1%)
Vacant Housing Units	1,007 ( 8.5%)
Median Home Value	$363,598
Average Home Value	$433,572