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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 8 Elm St, Newark, NJ, 07102 offers a 3.54% rental yield on a $950,700 purchase with $2,803/mo rent. 82% in year one. Equity gained on principal adds $6,135/yr while 5% annual appreciation supports $262,661 over five years. Portfolio math shows five-year ROI at 23.12% and total cumulative return in cash at $72,305. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,803/mo property income against a $4,653/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1960
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07102, Newark, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,550 (100%) |
| Owner Occupied HU | 353 ( 4.7%) |
| Renter Occupied HU | 6,198 (82.1%) |
| Vacant Housing Units | 999 (13.2%) |
| Median Home Value | $371,318 |
| Average Home Value | $525,500 |
Residential
6,993
Single Family
1,750
Multi-Family
5,243
Businesses
1,944
Date | Event | Price |
|---|---|---|
| 2025-09-18 | Listing removed | $988,818 |
| 2025-05-20 | Listed for sale | $988,818 |
| 2020-05-14 | Listing removed | $1,350 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2025-11-02 | $11066.73 | N/A | $291,000 | N/A |
| 2024-11-02 | $11066.73 | 1.79% | $291,000 | N/A |
| 2023-11-02 | $10871.76 | 57.72% | $291,000 | N/A |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
