859 S 16Th StNewarkNJ07108
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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
Investment property for sale in Newark at 859 S 16Th St, Newark, NJ, 07108 offers a 5.13% rental yield on a $699,999 purchase with $2,992/mo rent. 65% in year one. Equity gained on principal adds $4,517/yr while 5% annual appreciation supports $193,397 over five years. Portfolio math shows five-year ROI at 49.05% and total cumulative return in cash at $112,959. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,992/mo property income against a $3,426/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07108, Newark, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,969
Single Family
5,693
Multi-Family
3,276
Businesses
407
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Listed by: Joshua Carmona • Lifestyle International Realty
Mls Name: GSMLS
Mls ID: #3988677