186 Walnut St #114, Bloomfield, NJ, 07003 | $37/mo Cash Flow

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186 Walnut St #114, Bloomfield, NJ, 07003 | $37/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bloomfield at 186 Walnut St #114, Bloomfield, NJ, 07003 listed at $429,000 pairs $3,095/mo rent with a $2,100/mo payment to leave $37/mo cash flow. Total monthly income runs $3,095/mo, and annual cash flow reaches $443/yr on $142,214 cash to close. Return on cash invested measures 20.22% in year one, and rental yield registers 8.66% at a $429,000 basis. Equity gained on principal adds $2,768/yr, and annual property appreciation at 5% supports $118,525 by year five. Five-year ROI tracks 105.73% and total cumulative return in cash totals $150,361. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,095/mo property income relative to a $2,100/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Modern living abounds in this newly renovated, sun drenched, first floor, loft style condo. An open floorplan coupled with exceptionally high ceilings, large windows allowing in extraordinary light, and freshly refinished oak flooring throughout gives this special unit an impressive feeling of light and spaciousness. The kitchen has been reimagined with a stunning marble backsplash set in a sophisticated herringbone pattern, new quartz countertops, and a suite of matte white GE Cafe appliances with brushed bronze hardware. Opening out from the kitchen breakfast bar, the living/dining area is open and welcoming to simple relaxation or robust entertaining. Two large bedrooms flank the luxurious main bath with marble tile floor and walls, and a walk-in shower tiled in gorgeous marine blue ceramic tile with brass rain head shower and handheld wand. The extra-large primary bedroom has a special reading nook and two large, fully customized walk-in closets. Second bedroom is also large with its own customized closet and soaring ceilings. Central air conditioning. Laundry in unit. Two assigned parking spots in dedicated lot. Convenient to Bloomfield Center, Montclair, Montclair State University, GSP and more. Pets welcome.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07003, Bloomfield, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,968 (100%)
Owner Occupied HU	10,598 (46.1%)
Renter Occupied HU	11,569 (50.4%)
Vacant Housing Units	801 ( 3.5%)
Median Home Value	$487,407
Average Home Value	$534,557