5 Canterbury DrMontclairNJ07042
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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 5 Canterbury Dr, Montclair, NJ, 07042 offers a 20.3% rental yield on a $381,400 purchase with $6,452/mo rent. Total monthly income registers $6,452/mo, and a $1,867/mo payment leaves $3,313/mo available for distribution. Annual cash flow reaches $39,753/yr on $126,434 to close, and return on cash invested stands at 51.35% in year one. Equity gained on principal adds $2,461/yr while 5% annual appreciation supports $105,374 over five years. Portfolio math shows five-year ROI at 274.13% and total cumulative return in cash at $346,592. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,452/mo property income against a $1,867/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
5,001 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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