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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Montclair at 153 Walnut St, Montclair, NJ, 07042 offers $3,840/mo rent that, after a $2,692/mo payment. Total monthly income is $3,840/mo. Return on cash invested measures 19.53% in year one, and rental yield stands at 8.38% at a $550,000 entry. Equity gained on principal adds $3,549/yr while 5% annual appreciation compounds into $151,955 by year five. Five-year ROI records 102% and total cumulative return in cash reaches $184,570. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,840/mo property income versus a $2,692/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1887
4,500 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07042, Montclair, NJ area.
| 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 |
Residential
11,323
Single Family
7,828
Multi-Family
3,495
Businesses
1,455
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
