513 Clinton Ave UNIT 1NewarkNJ07108
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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 513 Clinton Ave UNIT 1, Newark, NJ, 07108 priced at $700,000 pairs $4,164/mo rent with after a $3,426/mo payment. Total monthly income equals $4,164/mo. Return on cash invested is 15.76% in year one, and rental yield stands at 7.14% on a $700,000 basis. Equity gained on principal adds $4,517/yr, and 5% annual appreciation accumulates to $193,397 by year five. Five-year ROI measures 81.8% and total cumulative return in cash reaches $188,392. For financing, Ziffy Mortgage’s DSCR program evaluates $4,164/mo property income against a $3,426/mo payment instead of your W2s, 1099s, or Tax returns.
Apartment
Built in 2006
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07108, Newark, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,489 (100%) |
| Owner Occupied HU | 1,712 (14.9%) |
| Renter Occupied HU | 8,769 (76.3%) |
| Vacant Housing Units | 1,008 ( 8.8%) |
| Median Home Value | $401,970 |
| Average Home Value | $431,478 |
Housing Distribution
Address Breakdown
Residential
8,969
Single Family
5,693
Multi-Family
3,276
Businesses
407
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Listed by: Steven Caputi • Vri Homes
Mls Name: GSMLS
Mls Provider:
Mls ID: #3910043
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