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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Montclair at 89 High St, Montclair, NJ, 07042 offers $10,040/mo rent that, after a $4,895/mo payment, leaves $2,913/mo cash flow. Total monthly income is $10,040/mo, and annual cash flow is $34,952/yr on $329,000 cash. Return on cash invested measures 30.68% in year one, and rental yield stands at 12.05% at a $999,999 entry. Equity gained on principal adds $6,453/yr while 5% annual appreciation compounds into $276,281 by year five. Five-year ROI records 161.83% and total cumulative return in cash reaches $532,407. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $10,040/mo property income versus a $4,895/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1870
0.81 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07042, Montclair, NJ area.
| 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 |
Residential
11,323
Single Family
7,828
Multi-Family
3,495
Businesses
1,455
Date | Event | Price |
|---|---|---|
| 2025-04-28 | Price change | $999,999 |
| 2024-10-04 | Price change | $1,299,999 |
| 2024-09-19 | Price change | $1,360,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-28 | $17545.87 | 5.05% | $515,600 | N/A |
| 2023-04-28 | $16702.93 | 0.26% | $515,600 | N/A |
| 2022-04-28 | $16659.04 | 1.64% | $515,600 | N/A |
Listed by: Clare Morcella • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls Provider:
Mls ID: #3959155
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
