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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 72-76 Speedway Ave, Newark, NJ, 07106 priced at $820,000 pairs $2,640/mo rent with after a $4,013/mo payment. Total monthly income equals $2,640/mo. Return on cash invested is 5.81% in year one, and rental yield stands at 3.86% on a $820,000 basis. Equity gained on principal adds $5,291/yr, and 5% annual appreciation accumulates to $226,551 by year five. Five-year ROI measures 28.42% and total cumulative return in cash reaches $76,679. For financing, Ziffy Mortgage’s DSCR program evaluates $2,640/mo property income against a $4,013/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07106, Newark, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,911 (100%) |
| Owner Occupied HU | 3,797 (29.4%) |
| Renter Occupied HU | 8,106 (62.8%) |
| Vacant Housing Units | 1,008 ( 7.8%) |
| Median Home Value | $360,258 |
| Average Home Value | $488,069 |
Residential
10,380
Single Family
6,306
Multi-Family
4,074
Businesses
427
Date | Event | Price |
|---|---|---|
| 2024-10-24 | Listed for sale | $820,000 |
| 2003-10-16 | Sold | $280,000 |
| 2001-09-04 | Sold | $192,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-19 | $11477.45 | 34.30% | $301,800 | N/A |
| 2023-02-19 | $8546.20 | N/A | $301,800 | 34.19% |
| 2022-02-19 | $8546.20 | N/A | $224,900 | N/A |
Listed by: Sean Mulligan • ARC Real Estate, LLC
Mls Name: NJMLS
Mls Provider:
Mls ID: #24035991
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.
