386 Park StMontclairNJ07043
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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 386 Park St, Montclair, NJ, 07043 earns from $3,997/mo rent with a $5,384/mo payment. Total monthly income totals $3,997/mo. ROI tracks 7.43% on current figures, and rental yield reads 4.36% at a $1,100,000 purchase. Equity gained on principal adds $7,098/yr, and 5% annual appreciation supports $303,910 over five years. Five-year ROI reaches 37.09% and total cumulative return in cash sums $132,175. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,997/mo property income instead of your personal income.
Single Family
Built in 1875
0.38 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: Sue Marsh Shikiar • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4004073