39 Harrison Ave #19MontclairNJ07042
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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 39 Harrison Ave #19, Montclair, NJ, 07042 uses $119,340 cash to close to unlock $108/yr annual cash flow and $9/mo monthly cash flow. Total monthly income runs $2,575/mo, and a $1,762/mo payment keeps the spread at $9/mo. Purchase price stands at $359,999, and rental yield measures 8.58% with $2,575/mo rent. Return on cash invested shows 20% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 104.54% and total cumulative return in cash records $124,761. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,575/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Condo
Built in 1967
4,356 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: David Simonetti • Elite Realtors Of New Jersey
Mls Name: GSMLS
Mls ID: #4005595