24 Ozone AveCedar GroveNJ07009
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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
Rental property for sale in Cedar Grove at 24 Ozone Ave, Cedar Grove, NJ, 07009 priced at $589,900 converts $3,840/mo rent into after a $2,887/mo obligation. Total monthly income equals $3,840/mo. Return on cash invested prints 17.81% in year one, and rental yield reads 7.81% against a $589,900 entry. Equity gained on principal adds $3,807/yr, while 5% annual appreciation compiles into $162,978 by year five. Five-year ROI reaches 92.78% and total cumulative return in cash sums $180,057. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,840/mo property income covering a $2,887/mo payment, not borrower’s personal income.
Single Family
Built in 1952
8,276 sqft lot
$N/A/sqft
No 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
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Listed by: Emily Termyna • Exp Realty, Llc
Mls Name: GSMLS
Mls ID: #4004278