149 Walnut StMontclairNJ07042
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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
Total monthly income runs $4,083/mo, and a $5,849/mo payment. Purchase price stands at $1,195,000, and rental yield measures 4.1% with $4,083/mo rent. Return on cash invested shows 6.62% in year one, and 5% annual appreciation builds toward $330,156 over five years. Five-year ROI reaches 32.78% and total cumulative return in cash records $126,902. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,083/mo property income covering a $5,849/mo payment rather than investor’s personal income.
Single Family
Built in 1892
5,415 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07042, Montclair, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,932 (100%) |
| Owner Occupied HU | 5,166 (43.3%) |
| Renter Occupied HU | 6,248 (52.4%) |
| Vacant Housing Units | 518 ( 4.3%) |
| Median Home Value | $820,298 |
| Average Home Value | $907,117 |
Housing Distribution
Address Breakdown
Residential
11,323
Single Family
7,828
Multi-Family
3,495
Businesses
1,455
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Listed by: John Frenzer • Compass New Jersey Llc
Mls Name: GSMLS
Mls ID: #3986097