5 Roosevelt Pl APT 1FMontclairNJ07042
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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 5 Roosevelt Pl APT 1F, Montclair, NJ, 07042 earns $376/mo cash flow from $2,656/mo rent with a $1,566/mo payment. Total monthly income totals $2,656/mo, and annual cash flow totals $4,507/yr on $106,047 capital. ROI tracks 24.16% on current figures, and rental yield reads 9.96% at a $319,900 purchase. Equity gained on principal adds $2,064/yr, and 5% annual appreciation supports $88,382 over five years. Five-year ROI reaches 126.88% and total cumulative return in cash sums $134,552. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,656/mo property income instead of your personal income.
Condo
Built in N/A
N/A 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: Patricia Davis • Coldwell Banker, Upper Montclair
Mls Name: NJMLS
Mls ID: #25038718