63 Normal AveMontclairNJ07043
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 63 Normal Ave, Montclair, NJ, 07043 offers $4,968/mo rent that, after a $4,158/mo payment. Total monthly income is $4,968/mo. Return on cash invested measures 15.39% in year one, and rental yield stands at 7.02% at a $849,500 entry. Equity gained on principal adds $5,482/yr while 5% annual appreciation compounds into $234,701 by year five. Five-year ROI records 79.83% and total cumulative return in cash reaches $223,101. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,968/mo property income versus a $4,158/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
7,750 sqft 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: Michael Littleford • Re/Max Welcome Home
Mls Name: GSMLS
Mls Provider:
Mls ID: #3903147
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