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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 748 S 16th St, Newark, NJ, 07103 offers a 6.07% rental yield on a $549,999 purchase with $2,780/mo rent. 5% in year one. Equity gained on principal adds $3,549/yr while 5% annual appreciation supports $151,955 over five years. Portfolio math shows five-year ROI at 64.31% and total cumulative return in cash at $116,361. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,780/mo property income against a $2,692/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1913
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07103, Newark, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,635 (100%) |
| Owner Occupied HU | 2,562 (16.4%) |
| Renter Occupied HU | 11,462 (73.3%) |
| Vacant Housing Units | 1,611 (10.3%) |
| Median Home Value | $343,782 |
| Average Home Value | $411,663 |
Residential
11,815
Single Family
7,659
Multi-Family
4,156
Businesses
947
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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
