153 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
Rental property for sale in Montclair at 153 Walnut St, Montclair, NJ, 07042 offers $10,040/mo rent that, after a $4,890/mo payment, leaves $2,919/mo cash flow. Total monthly income is $10,040/mo, and annual cash flow is $35,027/yr on $328,671 cash. Return on cash invested measures 30.72% in year one, and rental yield stands at 12.06% at a $999,000 entry. Equity gained on principal adds $6,446/yr while 5% annual appreciation compounds into $276,005 by year five. Five-year ROI records 162% and total cumulative return in cash reaches $532,454. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $10,040/mo property income versus a $4,890/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
N/A 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: Charles Thompson • The Thompson Realty Group
Mls Name: NJMLS
Mls ID: #26002907