190 Fernwood AveMontclairNJ07043
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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 190 Fernwood Ave, Montclair, NJ, 07043 at $1,325,000 posts ROI 7.24% with from $4,748/mo rent. Total monthly income equals $4,748/mo. Return on cash invested measures 7.24% and rental yield reads 4.3% at the current $1,325,000. Equity gained on principal adds $8,550/yr, and 5% annual appreciation supports $366,073 by year five. Five-year ROI prints 36.08% and total cumulative return in cash totals $154,876. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,748/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1922
10,018 sqft 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: Leslie Kunkin • West Of Hudson Real Estate
Mls Name: GSMLS
Mls ID: #3985429