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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 889 S 16Th St #3, Newark, NJ, 07108 listed at $750,000 pairs $1,020/mo rent with a $3,671/mo payment. Total monthly income runs $1,020/mo. Return on cash invested measures -0.98% in year one, and rental yield registers 1.63% at a $750,000 basis. Equity gained on principal adds $4,840/yr, and annual property appreciation at 5% supports $207,211 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,020/mo property income relative to a $3,671/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1910
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: Tevin Lewis • Neighborhood Assistance Corp.
Mls Name: GSMLS
Mls ID: #4000069
