9 Pomona #2cNewarkNJ07112
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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
Rental property for sale in Newark at 9 Pomona #2c, Newark, NJ, 07112 generates $2,294/mo in rent and, after a $1,224/mo payment, leaves $512/mo in cash flow. Total monthly income is $2,294/mo, and annual cash flow is $6,140/yr on $82,875 invested. Return on cash invested sits at 27.32% in year one, and rental yield is 11.01% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 143.79% and total cumulative return in cash sums $119,170. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,294/mo property income rather than buyer’s personal income.
Condo
Built in 1968
1,306 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: Richard Jacobs • Realty Of America
Mls Name: GSMLS
Mls ID: #4004214