59 David Rd, Cedar Grove, NJ, 07009 | $1,130/mo Cash Flow

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59 David Rd, Cedar Grove, NJ, 07009 | $1,130/mo Cash Flow | 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

Investment property for sale in Cedar Grove at 59 David Rd, Cedar Grove, NJ, 07009 uses $197,071 cash to close to unlock $13,563/yr annual cash flow and $1,130/mo monthly cash flow. Total monthly income runs $5,400/mo, and a $2,932/mo payment keeps the spread at $1,130/mo. Purchase price stands at $599,000, and rental yield measures 10.82% with $5,400/mo rent. Return on cash invested shows 26.94% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 141.79% and total cumulative return in cash records $279,418. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,400/mo property income covering a $2,932/mo payment rather than investor’s personal income.

Single Family

Built in 1951

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this spacious 4-bedroom, 2-bath expanded Cape Cod offering comfort, versatility, and room to grow. The inviting floor plan features a bright living room with plenty of natural light, an updated kitchen with ample cabinetry, and a dining area perfect for everyday meals or entertaining. With four generously sized bedrooms, this home provides flexible space for for everyone. The expanded layout adds extra living space, ideal for a oversized dining room or family room. A lovely backyard with custom patio & pergola offers endless potential for outdoor enjoyment. A two car garage can also be a workshop or extra storage. Conveniently located to schools, shopping, and commuter routes. This lovely house & property offers the space for all your lifestyle needs and a wonderful place to call home.

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