81 Mission StMontclairNJ07042
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
Investment property for sale in Montclair at 81 Mission St, Montclair, NJ, 07042 offers a 6.41% rental yield on a $1,399,995 purchase with $7,478/mo rent. 75% in year one. Equity gained on principal adds $9,034/yr while 5% annual appreciation supports $386,793 over five years. Portfolio math shows five-year ROI at 71% and total cumulative return in cash at $322,074. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,478/mo property income against a $6,852/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Taylor Lucyk • Christie's International Real Estate Group-Paramus
Mls Name: NJMLS
Mls ID: #25039821