59 Watchung AveMontclairNJ07043
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 59 Watchung Ave, Montclair, NJ, 07043 at $998,000 posts ROI 4.37% with from $3,086/mo rent. Total monthly income equals $3,086/mo. Return on cash invested measures 4.37% and rental yield reads 3.71% at the current $998,000. Equity gained on principal adds $6,440/yr, and 5% annual appreciation supports $275,729 by year five. Five-year ROI prints 21.05% and total cumulative return in cash totals $69,120. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,086/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1923
10,478 sqft 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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Nearby investment properties with comparable prices
Listed by: Mariah Levy • Keller Williams Integrity
Mls Name: GSMLS
Mls Provider:
Mls ID: #3944933
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