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

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186 Walnut St BLDG 186 #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 BLDG 186 #114, Bloomfield, NJ, 07003 earns $37/mo cash flow from $3,095/mo rent with a $2,100/mo payment. Total monthly income totals $3,095/mo, and annual cash flow totals $443/yr on $142,214 capital. ROI tracks 20.22% on current figures, and rental yield reads 8.66% at a $429,000 purchase. Equity gained on principal adds $2,768/yr, and 5% annual appreciation supports $118,525 over five years. Five-year ROI reaches 105.73% and total cumulative return in cash sums $150,361. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,095/mo property income instead of your personal income.

Condo

Built in 2007

1.03 Acres 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