6 Hillside AveCedar GroveNJ07009
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6 Hillside Ave, Cedar Grove, NJ, 07009 at $619,900 posts ROI 27.35% with $1,240/mo cash flow from $5,658/mo rent. Total monthly income equals $5,658/mo, and annual cash flow records $14,875/yr on $203,947 to close. Return on cash invested measures 27.35% and rental yield reads 10.95% at the current $619,900. Equity gained on principal adds $4,000/yr, and 5% annual appreciation supports $171,267 by year five. Five-year ROI prints 143.98% and total cumulative return in cash totals $293,636.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,658/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1947
6,534 sqft 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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Listed by: Katherine Henning • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4000546