470 Valley Rd #C003aMontclairNJ07043
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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 470 Valley Rd #C003a, Montclair, NJ, 07043 generates $2,938/mo in rent, after a $2,080/mo payment. Total monthly income is $2,938/mo. Return on cash invested sits at 19.13% in year one, and rental yield is 8.3% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 99.9% and total cumulative return in cash sums $140,741. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,938/mo property income rather than buyer’s personal income.
Condo
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
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Listed by: Cheryl Gugliotti • RE/MAX Real Estate Limited
Mls Name: NJMLS
Mls ID: #26003366