148 McCosh RdMontclairNJ07043
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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 Montclair at 148 McCosh Rd, Montclair, NJ, 07043 priced at $599,900 converts $4,141/mo rent into after a $2,936/mo obligation. Total monthly income equals $4,141/mo. Return on cash invested prints 19.24% in year one, and rental yield reads 8.28% against a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation compiles into $165,741 by year five. Five-year ROI reaches 100.48% and total cumulative return in cash sums $198,316. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,141/mo property income covering a $2,936/mo payment, not borrower’s personal income.
Single Family
Built in 1938
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07043, Montclair, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,324 (100%) |
| Owner Occupied HU | 3,623 (83.8%) |
| Renter Occupied HU | 619 (14.3%) |
| Vacant Housing Units | 82 ( 1.9%) |
| Median Home Value | $950,083 |
| Average Home Value | $1,087,204 |
Housing Distribution
Address Breakdown
Residential
4,340
Single Family
4,027
Multi-Family
313
Businesses
488
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Listed by: Claudine Tahan Tunbakji • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3972828