70 N Willow StMontclairNJ07042
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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 70 N Willow St, Montclair, NJ, 07042 priced at $1,149,000 pairs $5,898/mo rent with after a $5,624/mo payment. Total monthly income equals $5,898/mo. Return on cash invested is 12.98% in year one, and rental yield stands at 6.16% on a $1,149,000 basis. Equity gained on principal adds $7,414/yr, and 5% annual appreciation accumulates to $317,448 by year five. Five-year ROI measures 66.85% and total cumulative return in cash reaches $248,863. For financing, Ziffy Mortgage’s DSCR program evaluates $5,898/mo property income against a $5,624/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1907
4,636 sqft 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: Imbar Meidani • Improov Homes
Mls Name: GSMLS
Mls ID: #3999658