189 Inwood AveMontclairNJ07043
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Nearby investment properties with comparable prices
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 189 Inwood Ave, Montclair, NJ, 07043 listed at $1,699,900 pairs $5,199/mo rent with a $8,320/mo payment. Total monthly income runs $5,199/mo. Return on cash invested measures 4.78% in year one, and rental yield registers 3.67% at a $1,699,900 basis. Equity gained on principal adds $10,969/yr, and annual property appreciation at 5% supports $469,651 by year five. Five-year ROI tracks 23.06% and total cumulative return in cash totals $127,008. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,199/mo property income relative to a $8,320/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1895
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07043, Montclair, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,324 (100%) |
| Owner Occupied HU | 3,623 (83.8%) |
| Renter Occupied HU | 619 (14.3%) |
| Vacant Housing Units | 82 ( 1.9%) |
| Median Home Value | $950,083 |
| Average Home Value | $1,087,204 |
Housing Distribution
Address Breakdown
Residential
4,340
Single Family
4,027
Multi-Family
313
Businesses
488
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Listed by: Jill Savva • C-21 Cedarcrest Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3950346
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