81 Wolcott TerNewarkNJ07112
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Newark at 81 Wolcott Ter, Newark, NJ, 07112 priced at $630,000 pairs $3,803/mo rent with after a $3,084/mo payment. Total monthly income equals $3,803/mo. Return on cash invested is 16.08% in year one, and rental yield stands at 7.24% on a $630,000 basis. Equity gained on principal adds $4,065/yr, and 5% annual appreciation accumulates to $174,057 by year five. Five-year ROI measures 83.49% and total cumulative return in cash reaches $173,050. For financing, Ziffy Mortgage’s DSCR program evaluates $3,803/mo property income against a $3,084/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1921
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07112, Newark, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,155
Single Family
5,526
Multi-Family
3,629
Businesses
414
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Listed by: Peter Boutros • Exp Realty, Llc
Mls Name: GSMLS
Mls ID: #4002920