13 Chestnut CtCedar GroveNJ07009
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $749,000, 13 Chestnut Ct, Cedar Grove, NJ, 07009 in Cedar Grove generates $6,028/mo in rent (9.66% yield) but nets only $189/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.79) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $206,935. Total projected return: $301,440.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.2% |
| Monthly Cash Flow | $189 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $6,028 |
| Total Monthly Debt Service | $5,541 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in 2004
0.64 Acres lot
$N/A/sqft
$500 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,087
Single Family
4,773
Multi-Family
314
Businesses
470
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
Townhouse
Built in 2004
0.64 Acres lot
$N/A/sqft
$500 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,087
Single Family
4,773
Multi-Family
314
Businesses
470
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices