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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% |
Investment property for sale in Newark at 59 61Stengel Ave, Newark, NJ, 07112 listed at $425,000 pairs $3,803/mo rent with a $2,080/mo payment to leave $774/mo cash flow. Total monthly income runs $3,803/mo, and annual cash flow reaches $9,286/yr on $140,888 cash to close. Return on cash invested measures 26.5% in year one, and rental yield registers 10.74% at a $425,000 basis. Equity gained on principal adds $2,742/yr, and annual property appreciation at 5% supports $117,420 by year five. Five-year ROI tracks 139.41% and total cumulative return in cash totals $196,409. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,803/mo property income relative to a $2,080/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1917
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07112, Newark, NJ area.
| 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 |
Residential
9,155
Single Family
5,526
Multi-Family
3,629
Businesses
414
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Sayeeda Moore • Re/Max First Realty Ii
Mls Name: GSMLS
Mls ID: #3993051
