8 Highmont TerMontclairNJ07042
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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 8 Highmont Ter, Montclair, NJ, 07042 listed at $999,000 pairs $4,454/mo rent with a $4,890/mo payment. Total monthly income runs $4,454/mo. Return on cash invested measures 10.32% in year one, and rental yield registers 5.35% at a $999,000 basis. Equity gained on principal adds $6,446/yr, and annual property appreciation at 5% supports $276,005 by year five. Five-year ROI tracks 52.63% and total cumulative return in cash totals $172,994. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,454/mo property income relative to a $4,890/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1935
0.30 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: Kimberly Latortue • West Of Hudson Real Estate
Mls Name: GSMLS
Mls ID: #4007573