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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% |
Rental property for sale in Cedar Grove at 358 Bowden Rd, Cedar Grove, NJ, 07009 priced at $685,000 converts $6,545/mo rent into $1,662/mo cash flow after a $3,353/mo obligation. Total monthly income equals $6,545/mo, and annual cash flow totals $19,946/yr on $225,365 invested. Return on cash invested prints 28.91% in year one, and rental yield reads 11.47% against a $685,000 entry. Equity gained on principal adds $4,420/yr, while 5% annual appreciation compiles into $189,253 by year five. Five-year ROI reaches 152.34% and total cumulative return in cash sums $343,318. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,545/mo property income covering a $3,353/mo payment, not borrower’s personal income.
Single Family
Built in 1955
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07009, Cedar Grove, NJ area.
| 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 |
Residential
5,087
Single Family
4,773
Multi-Family
314
Businesses
470
Date | Event | Price |
|---|---|---|
| 2025-08-07 | Sold | $685,000 |
| 2025-06-24 | Pending sale | $685,000 |
| 2025-06-17 | Price change | $685,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2025-11-01 | $8359.57 | N/A | $319,800 | N/A |
| 2024-11-01 | $8359.57 | 1.95% | $319,800 | N/A |
| 2023-11-01 | $8199.67 | 1.22% | $319,800 | N/A |
Listed by: Frank Brigida • United Real Estate
Mls Name: GSMLS
Mls Provider:
Mls ID: #3963888
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
