50 Blum St, Newark, NJ, 07103 | $726/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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50 Blum St, Newark, NJ, 07103 | $726/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 50 Blum St, Newark, NJ, 07103 priced at $260,000 pairs $2,580/mo rent with $726/mo cash flow after a $1,273/mo payment. Total monthly income equals $2,580/mo, and annual cash flow comes to $8,716/yr on $86,190 invested. Return on cash invested is 30.02% in year one, and rental yield stands at 11.91% on a $260,000 basis. Equity gained on principal adds $1,678/yr, and 5% annual appreciation accumulates to $71,833 by year five. Five-year ROI measures 158.34% and total cumulative return in cash reaches $136,469. For financing, Ziffy Mortgage’s DSCR program evaluates $2,580/mo property income against a $1,273/mo payment instead of your W2s, 1099s, or Tax returns.

Multi Family

Built in 1910

2,613 sqft lot

$N/A/sqft

No HOA

More details about the property

Rare opportunity in Newark! 50 Blum Street is being offered strictly in as-is condition, presenting a blank canvas for your vision. Situated on a 25 x 100 lot, this property provides outstanding potential for redevelopment or new construction. The existing structure requires full renovation or removal, making it an ideal project for developers, builders, or investors looking to maximize value in a thriving market. 25 ft. x 100 ft. lotExisting structure sold in as-is conditionExcellent opportunity for multifamily or custom new build (subject to approvals)Prime location with easy access to transportation, schools, and shoppingStrong rental demand in the area

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