51 Schley St, Newark, NJ, 07112 | 5.49% Rental Yield

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51 Schley St, Newark, NJ, 07112 | 5.49% Rental Yield | Ziffy

Pending

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

Investment property for sale in Newark at 51 Schley St, Newark, NJ, 07112 with 5% annual appreciation on a $719,000 basis while $3,290/mo rent supports operations. 75% in year one. Equity gained on principal adds $4,640/yr, and five-year appreciation sums $198,646 alongside rental yield of 5.49%. Five-year ROI measures 54.96% and total cumulative return in cash totals $130,001. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,290/mo property income versus a $3,519/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Multi Family

Built in 1924

3,920 sqft lot

$N/A/sqft

No HOA

More details about the property

Located at 51 Schley St in Newark, this expansive 3-story multi-family home presents an excellent investment opportunity or a spacious living arrangement. Featuring 9 bedrooms and 6 bathrooms, the property offers generous living space across three well-designed floors. Each level is thoughtfully laid out for privacy and functionality, with large living areas and an abundance of natural light. The home retains classic charm while providing the potential for updates and customization. Additional highlights include a private backyard, perfect for outdoor gatherings or relaxation, and a detached garage for added convenience. Situated in a prime location, this property is close to local amenities, public transportation, and major highways, providing easy access to downtown Newark, schools, shopping, and entertainment. Whether you're looking for a multi-family investment or a large home, 51 Schley St is a remarkable opportunity.

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