466 Park StMontclairNJ07043
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 466 Park St, Montclair, NJ, 07043 listed at $1,126,000 pairs $9,490/mo rent with a $5,511/mo payment to leave $223/mo cash flow. Total monthly income runs $9,490/mo, and annual cash flow reaches $2,674/yr on $364,824 cash to close. Return on cash invested measures 21.1% in year one, and rental yield registers 10.11% at a $1,126,000 basis. Equity gained on principal adds $7,266/yr, and annual property appreciation at 5% supports $311,093 by year five. Five-year ROI tracks 111.88% and total cumulative return in cash totals $408,178. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $9,490/mo property income relative to a $5,511/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Halstead / Brown Harris Stevens
Mls Provider:
Mls ID: #23481997