401 N Fullerton Ave, Montclair, NJ, 07043 | 4.56% Rental Yield

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401 N Fullerton Ave, Montclair, NJ, 07043 | 4.56% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Montclair at 401 N Fullerton Ave, Montclair, NJ, 07043 offers $4,556/mo rent that, after a $5,869/mo payment. Total monthly income is $4,556/mo. Return on cash invested measures 8.04% in year one, and rental yield stands at 4.56% at a $1,199,000 entry. Equity gained on principal adds $7,737/yr while 5% annual appreciation compounds into $331,262 by year five. Five-year ROI records 40.38% and total cumulative return in cash reaches $156,849. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,556/mo property income versus a $5,869/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1922

9,591 sqft lot

$N/A/sqft

No HOA

More details about the property

"Wow" in the heart of Upper Montclair, this pristinely maintained and updated side-hall colonial is blocks from charming Watchung Plaza with NYC direct train service, shops, schools, and multiple parks. Uniquely layered with modern and multi-functional living and WFH spaces, this home features an open concept kitchen with updated modern warm white cabinetry, new countertops, stylish new backsplash, and upgraded faucets and fixtures. Additional highlights include a first floor powder room, great WFH space in the first floor office, four well scaled bedrooms, three baths, and Central AC, plus a darling screened-in porch and newer windows throughout. Second floor: Primary bedroom featuring a generous walk-in closet, plus bedrooms two and three and the main bath which has been updated. Third floor: Updated bathroom with stall shower and bedroom four overlooking the rear yard, benefitting from the morning light. The finished basement recreation room offers a walk-out to a pretty paved patio and a lovingly nurtured garden with a flat yard that's move-in ready for its next lucky owners! Welcome Home!

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