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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Somerset at 32 Cedar Grove Ln, Somerset, NJ, 08873 uses $176,015 cash to close to unlock $1,958/yr annual cash flow and $163/mo monthly cash flow. Total monthly income runs $3,977/mo, and a $2,619/mo payment keeps the spread at $163/mo. Purchase price stands at $535,000, and rental yield measures 8.92% with $3,977/mo rent. Return on cash invested shows 21.17% in year one, and 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 110.84% and total cumulative return in cash records $195,100. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,977/mo property income covering a $2,619/mo payment rather than investor’s personal income.
Single Family
Built in 1956
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 08873, Somerset, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,399 (100%) |
| Owner Occupied HU | 14,076 (62.8%) |
| Renter Occupied HU | 7,273 (32.5%) |
| Vacant Housing Units | 1,050 ( 4.7%) |
| Median Home Value | $507,032 |
| Average Home Value | $561,292 |
Residential
22,210
Single Family
20,350
Multi-Family
1,860
Businesses
1,471
Date | Event | Price |
|---|---|---|
| 2025-03-19 | Listed for sale | $535,000 |
| 2017-02-11 | Listing removed | $325,000 |
| 2016-11-29 | Price change | $325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-20 | $7969.13 | -1.72% | $455,900 | 8.57% |
| 2023-03-20 | $8108.27 | 20.85% | $419,900 | 23.90% |
| 2022-03-20 | $6709.24 | N/A | $338,900 | 11.89% |
Listed by: Chiquita Pittman • RE/MAX FIRST REALTY, INC.
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2510625R
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. Copyright 2025, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC All rights reserved The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting.
