37 Franklin St, Cedar Grove, NJ, 07009 | 7.34% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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37 Franklin St, Cedar Grove, NJ, 07009 | 7.34% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Cedar Grove at 37 Franklin St, Cedar Grove, NJ, 07009 offers $4,433/mo rent that, after a $3,549/mo payment. Total monthly income is $4,433/mo. Return on cash invested measures 16.36% in year one, and rental yield stands at 7.34% at a $725,000 entry. Equity gained on principal adds $4,678/yr while 5% annual appreciation compounds into $200,304 by year five. Five-year ROI records 85.02% and total cumulative return in cash reaches $202,805. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,433/mo property income versus a $3,549/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1932

9,147 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this beautifully renovated 3-bedroom, 2.5-bath Colonial that blends timeless charm with modern updates. The sunlit living room with fireplace flows into the dining area and bright den/enclosed porch, perfect for relaxing or working from home. The entire home features hardwood floors, adding warmth and continuity to each space. At the heart of the home is a spacious, open eat-in kitchen beautifully updated and designed both for entertaining and serious cooking. A powder room and first-floor laundry add everyday convenience. Upstairs are three generously sized bedrooms, including a large primary suite with ample closet space and a renovated ensuite bath, along with a second full bath off the hall. The finished lower level offers a versatile rec room for play, work, or unwinding. Outside, enjoy a charming patio, garden shed, and a yard with room to relax or entertain. Just minutes from NYC trains, shops, and restaurants - this home is not to be missed!

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