306 N Mountain 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
Rental property for sale in Montclair at 306 N Mountain Ave, Montclair, NJ, 07043 priced at $767,900 pairs $8,034/mo rent with $1,714/mo cash flow after a $3,758/mo payment. Total monthly income equals $8,034/mo, and annual cash flow comes to $20,573/yr on $252,639 invested. Return on cash invested is 28.2% in year one, and rental yield stands at 12.55% on a $767,900 basis. Equity gained on principal adds $4,955/yr, and 5% annual appreciation accumulates to $212,157 by year five. Five-year ROI measures 149.99% and total cumulative return in cash reaches $378,922. For financing, Ziffy Mortgage’s DSCR program evaluates $8,034/mo property income against a $3,758/mo payment instead of your W2s, 1099s, or Tax returns.
Home Type Unknown
Built in 1926
0.25 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: N/A • N/A
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Mls ID: #N/A