9 Windermere RdMontclairNJ07043
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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 9 Windermere Rd, Montclair, NJ, 07043 uses $295,771 cash to close to unlock $2,979/yr annual cash flow and $248/mo monthly cash flow. Total monthly income runs $6,656/mo, and a $4,400/mo payment keeps the spread at $248/mo. Purchase price stands at $899,000, and rental yield measures 8.88% with $6,656/mo rent. Return on cash invested shows 21.07% in year one, and 5% annual appreciation builds toward $248,377 over five years. Five-year ROI reaches 110.27% and total cumulative return in cash records $326,146. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,656/mo property income covering a $4,400/mo payment rather than investor’s personal income.
Single Family
Built in 1955
6,783 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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Listed by: Jessica Keefe • Keller Williams - Nj Metro Group
Mls Name: GSMLS
Mls ID: #4007310