21 Melrose PlaceMontclairNJ07042
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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 21 Melrose Place, Montclair, NJ, 07042 with 5% annual appreciation on a $1,899,000 basis while $6,014/mo rent supports operations. 7% in year one. Equity gained on principal adds $12,254/yr, and five-year appreciation sums $524,659 alongside rental yield of 3.8%. Five-year ROI measures 27.8% and total cumulative return in cash totals $171,037. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,014/mo property income versus a $9,295/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1916
0.26 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: Sharon Gill • Bhhs Fox & Roach
Mls Name: GSMLS
Mls ID: #3984018