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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% |
Rental property for sale in Newark at 51 N 6th St, Newark, NJ, 07107 offers $4,530/mo rent that, after a $2,447/mo payment, leaves $966/mo cash flow. Total monthly income is $4,530/mo, and annual cash flow is $11,596/yr on $165,750 cash. Return on cash invested measures 26.91% in year one, and rental yield stands at 10.87% at a $500,000 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,141 by year five. Five-year ROI records 141.6% and total cumulative return in cash reaches $234,704. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,530/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07107, Newark, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,578 (100%) |
| Owner Occupied HU | 2,977 (19.1%) |
| Renter Occupied HU | 11,548 (74.1%) |
| Vacant Housing Units | 1,053 ( 6.8%) |
| Median Home Value | $408,045 |
| Average Home Value | $427,148 |
Residential
12,473
Single Family
7,330
Multi-Family
5,143
Businesses
646
Date | Event | Price |
|---|---|---|
| 2025-02-18 | Listed for sale | $500,000 |
| 2014-05-12 | Listing removed | $950 |
| 2014-05-05 | Price change | $950 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-19 | $4928.69 | 0.08% | $129,600 | N/A |
| 2023-02-19 | $4924.80 | N/A | $129,600 | N/A |
| 2022-02-19 | $4924.80 | N/A | $129,600 | N/A |
Listed by: Monia Stratman • Weichert Realtors, Westfield
Mls Name: NJMLS
Mls Provider:
Mls ID: #25005225
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-02-19 00:09:47 PST Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.
