48 Cedar Ter, Parlin, NJ, 08859 | 7.23% Rental Yield

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48 Cedar Ter, Parlin, NJ, 08859 | 7.23% 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 Parlin at 48 Cedar Ter, Parlin, NJ, 08859 offers $4,213/mo rent that, after a $3,421/mo payment. Total monthly income is $4,213/mo. Return on cash invested measures 16.05% in year one, and rental yield stands at 7.23% at a $699,000 entry. Equity gained on principal adds $4,511/yr while 5% annual appreciation compounds into $193,121 by year five. Five-year ROI records 83.33% and total cumulative return in cash reaches $191,642. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,213/mo property income versus a $3,421/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in N/A

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Completely renovated 4-bed/3-bath home w/hardwood floors, custom trim, Andersen windows & doors and new baths. Main level features a custom kitchen w/under-cabinet lighting, instant hot water, newer appliances, and eating area w/built ins plus a great room, dining room, bedroom w/built-ins and full bath. Upper level offers the large primary suite with custom fitted closet system & luxury bath w/double sinks, steam shower, jacuzzi and balcony, along with two additional bedrooms, main bath and laundry area. The backyard oasis is one of a kind! Enjoy the stone patio with stone bench & fire pit, a temperature-controlled shed w/built-ins, a detached infrared sauna and an upper pavilion deck with full outdoor kitchen and shed. Other features incl. natural stone driveway and walkways and more.

Neighborhood Data

Neighborhood data shown for ZIP Code: 08859, Parlin, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,494 (100%)
Owner Occupied HU	5,514 (58.1%)
Renter Occupied HU	3,570 (37.6%)
Vacant Housing Units	410 ( 4.3%)
Median Home Value	$478,704
Average Home Value	$541,004