188 Aspen Dr #414, Cedar Grove, NJ, 07009 | 4.83% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

188 Aspen Dr #414, Cedar Grove, NJ, 07009 | 4.83% Rental Yield | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
3 Bath
- sft

104 Sequoia Dr #1713, Cedar Grove, NJ, 07009

2 Bed
3 Bath
2463 sft

80 Claremont Rd #101, Bernardsville, NJ, 07924

2 Bed
3 Bath
- sft

80 Claremont Rd Unit 105, Bernardsville, NJ, 07924

3 Bed
1 Bath
- sft

9 Winston Dr, Woodbridge, NJ, 07095

Nearby investment properties with comparable prices

4 Bed
4 Bath
- sft

32 Ruby St, Springfield, NJ, 07081

6 Bed
2 Bath
1129 sft

66 Willow Ave, Iselin, NJ, 08830

3 Bed
2 Bath
- sft

105 Wyoming St, Westfield, NJ, 07090

4 Bed
3 Bath
- sft

104 Laurel Ln, South Plainfield, NJ, 07080

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Cedar Grove at 188 Aspen Dr #414, Cedar Grove, NJ, 07009 offers a 4.83% rental yield on a $729,999 purchase with $2,940/mo rent. 75% in year one. Equity gained on principal adds $4,711/yr while 5% annual appreciation supports $201,685 over five years. Portfolio math shows five-year ROI at 44.22% and total cumulative return in cash at $106,202. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,940/mo property income against a $3,573/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

Prepare to be captivated by this designer's dreaman END-unit 2-bedroom, 3-bath condo brimming with upgrades and style at every turn. A welcoming foyer opens to a stunning eat-in kitchen with a quartzite waterfall-edge island seating four, GE Profile stainless steel appliances, custom hardware and lighting, plus a pantry with bar area. The first-floor full bath dazzles with designer touches, while the spacious living room with gas fireplace flows to an extended private patio and open side yardno homes behind for added privacy! A gracious dining area completes the light-filled main level. Upstairs, the primary suite is a retreat with a spa-like en suite featuring double sinks, a walk-in closet, and serene rear views. Laundry is conveniently on the same level. Additional highlights include a meticulous 1-car garage with abundant storage and overhead shelving. The vibrant community offers a clubhouse with kitchen and party space, infinity pool, barbecue/picnic areas, and direct access to miles of trails in Hilltop Reservation. All this just minutes to Montclair, with a free Hilltop commuter shuttle, Cedar Grove Park across the street, and the community center next door.

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