15 Wayside PlMontclairNJ07042
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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 Montclair at 15 Wayside Pl, Montclair, NJ, 07042 at $1,496,000 posts ROI 14.87% with from $10,090/mo rent. Total monthly income equals $10,090/mo. Return on cash invested measures 14.87% and rental yield reads 8.09% at the current $1,496,000. Equity gained on principal adds $9,653/yr, and 5% annual appreciation supports $413,317 by year five. Five-year ROI prints 78.45% and total cumulative return in cash totals $380,259. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $10,090/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1937
0.77 Acres 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: N/A • N/A
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