104 Sequoia Dr, Cedar Grove, NJ, 07009 | 6.62% Rental Yield

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104 Sequoia Dr, Cedar Grove, NJ, 07009 | 6.62% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cedar Grove at 104 Sequoia Dr, Cedar Grove, NJ, 07009 listed at $695,999 pairs $3,840/mo rent with a $3,407/mo payment. Total monthly income runs $3,840/mo. Return on cash invested measures 14.18% in year one, and rental yield registers 6.62% at a $695,999 basis. Equity gained on principal adds $4,491/yr, and annual property appreciation at 5% supports $192,292 by year five. Five-year ROI tracks 73.34% and total cumulative return in cash totals $167,948. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,840/mo property income relative to a $3,407/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Townhouse

Built in 2020

48.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this stunning two-story Norfolk model located in the desirable Hilltop at Cedar Grove community. This spacious 2-bedroom, 3 full bath condo offers a modern, open-concept layout designed for both comfort and style. The beautifully appointed kitchen features stainless steel appliances, granite countertops, a breakfast bar, pantry, and rich cabinetry perfect for entertaining or everyday living. The living and dining areas are flooded with natural light, thanks to oversized windows, and seamlessly extend to your private patio overlooking peaceful fountain views an ideal spot to relax or enjoy your morning coffee. Down the hallway, you'll find multiple storage closets and convenient access to your attached one-car garage. Upstairs, the luxurious primary suite includes an ensuite bath with dual sinks, a walk-in shower, linen closet, and a spacious walk-in closet. The second bedroom is generously sized with easy access to the third full bathroom. A dedicated laundry area completes the upper level, adding to the home's functionality. Low taxes and HOA fees!! Enjoy maintenance-free living in a resort-style community offering a clubhouse, outdoor pool, fitness center, and shuttle to the Upper Montclair train station. Just 9 miles from NYC, The Hilltop offers the perfect blend of suburban tranquility and urban convenience.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07009, Cedar Grove, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,456 (100%)
Owner Occupied HU	4,232 (77.6%)
Renter Occupied HU	906 (16.6%)
Vacant Housing Units	318 ( 5.8%)
Median Home Value	$649,113
Average Home Value	$719,298