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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 786-802 Summer Ave #5B, Newark, NJ, 07104 uses $85,859 cash to close to unlock $6,283/yr annual cash flow and $524/mo monthly cash flow. Total monthly income runs $2,370/mo, and a $1,268/mo payment keeps the spread at $524/mo. Purchase price stands at $259,000, and rental yield measures 10.98% with $2,370/mo rent. Return on cash invested shows 27.23% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 143.35% and total cumulative return in cash records $123,076. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,370/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Condo
Built in 1987
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07104, Newark, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,503 (100%) |
| Owner Occupied HU | 3,939 (18.3%) |
| Renter Occupied HU | 16,603 (77.2%) |
| Vacant Housing Units | 961 ( 4.5%) |
| Median Home Value | $446,782 |
| Average Home Value | $539,320 |
Residential
18,051
Single Family
8,845
Multi-Family
9,206
Businesses
1,010
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: Michael Auer • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3961844
