39 Harrison Ave Unit 20 #20MontclairNJ07042
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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 39 Harrison Ave Unit 20 #20, Montclair, NJ, 07042 generates $1,938/mo in rent, after a $1,645/mo payment. Total monthly income is $1,938/mo. Return on cash invested sits at 14.98% in year one, and rental yield is 6.92% on a $336,000 entry. Equity gained on principal adds $2,168/yr, while 5% annual appreciation builds toward $92,831 over five years. Five-year ROI reaches 77.67% and total cumulative return in cash sums $86,506. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,938/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
1.38 Acres 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: Jorge Velasquez • Re/Max Professionals I
Mls Name: GSMLS
Mls Provider:
Mls ID: #3974708
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