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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Montclair at 48 S Park St UNIT 409, Montclair, NJ, 07042 offers a 6.08% rental yield on a $669,000 purchase with $3,389/mo rent. 54% in year one. Equity gained on principal adds $4,317/yr while 5% annual appreciation supports $184,832 over five years. Portfolio math shows five-year ROI at 64.53% and total cumulative return in cash at $142,035. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,389/mo property income against a $3,274/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07042, Montclair, NJ area.
| 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 |
Residential
11,323
Single Family
7,828
Multi-Family
3,495
Businesses
1,455
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Bradley Horner • Brown Harris Stevens New Jersey
Mls Name: NJMLS
Mls ID: #25026396
