16 Forest St #C6204MontclairNJ07042
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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 16 Forest St #C6204, Montclair, NJ, 07042 listed at $181,500 pairs $2,708/mo rent with a $888/mo payment to leave $1,215/mo cash flow. Total monthly income runs $2,708/mo, and annual cash flow reaches $14,575/yr on $60,167 cash to close. Return on cash invested measures 44.13% in year one, and rental yield registers 17.9% at a $181,500 basis. Equity gained on principal adds $1,171/yr, and annual property appreciation at 5% supports $50,145 by year five. Five-year ROI tracks 235.44% and total cumulative return in cash totals $141,656. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,708/mo property income relative to a $888/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1924
0.41 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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