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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 822 S 16Th St, Newark, NJ, 07108 generates $2,264/mo in rent, after a $2,692/mo payment. Total monthly income is $2,264/mo. Return on cash invested sits at 9.08% in year one, and rental yield is 4.94% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 45.96% and total cumulative return in cash sums $83,158. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,264/mo property income rather than buyer’s personal income.
Multi Family
Built in 1912
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07108, Newark, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,489 (100%) |
| Owner Occupied HU | 1,712 (14.9%) |
| Renter Occupied HU | 8,769 (76.3%) |
| Vacant Housing Units | 1,008 ( 8.8%) |
| Median Home Value | $401,970 |
| Average Home Value | $431,478 |
Residential
8,969
Single Family
5,693
Multi-Family
3,276
Businesses
407
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: Alessandro Falcao • Real
Mls Name: GSMLS
Mls ID: #3991369
