326 Ridge RdCedar 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
Investment property for sale in Cedar Grove at 326 Ridge Rd, Cedar Grove, NJ, 07009 earns from $6,438/mo rent with a $6,546/mo payment. Total monthly income totals $6,438/mo. ROI tracks 11.8% on current figures, and rental yield reads 5.78% at a $1,337,500 purchase. Equity gained on principal adds $8,631/yr, and 5% annual appreciation supports $369,527 over five years. Five-year ROI reaches 60.51% and total cumulative return in cash sums $262,229. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,438/mo property income instead of your personal income.
Single Family
Built in 1988
1.73 Acres 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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Nearby investment properties with comparable prices
Listed by: Tracy Yaw Chan • C-21 Cedarcrest Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3970882
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