44 Norman RdMontclairNJ07043
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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 44 Norman Rd, Montclair, NJ, 07043 offers $9,167/mo rent that, after a $3,051/mo payment, leaves $4,036/mo cash flow. Total monthly income is $9,167/mo, and annual cash flow is $48,437/yr on $205,099 cash. Return on cash invested measures 43.68% in year one, and rental yield stands at 17.65% at a $623,400 entry. Equity gained on principal adds $4,023/yr while 5% annual appreciation compounds into $172,234 by year five. Five-year ROI records 232.97% and total cumulative return in cash reaches $477,818. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $9,167/mo property income versus a $3,051/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.29 Acres 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: N/A • N/A
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