415 Claremont Ave #2DMontclairNJ07042
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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 415 Claremont Ave #2D, Montclair, NJ, 07042 earns $539/mo cash flow from $3,389/mo rent with a $1,957/mo payment. Total monthly income totals $3,389/mo, and annual cash flow totals $6,467/yr on $132,567 capital. ROI tracks 24.79% on current figures, and rental yield reads 10.17% at a $399,900 purchase. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 over five years. Five-year ROI reaches 130.22% and total cumulative return in cash sums $172,628. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,389/mo property income instead of your personal income.
Condo
Built in 1957
1.21 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: Manuel Gonzalez • Re/Max Premier
Mls Name: GSMLS
Mls ID: #3985901