68 Eileen DrCedar GroveNJ07009
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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
Investment Highlights
Rental property for sale in Cedar Grove at 68 Eileen Dr, Cedar Grove, NJ, 07009 priced at $1,775,000 pairs $7,183/mo rent with after a $8,688/mo payment. Total monthly income equals $7,183/mo. Return on cash invested is 8.96% in year one, and rental yield stands at 4.86% on a $1,775,000 basis. Equity gained on principal adds $11,454/yr, and 5% annual appreciation accumulates to $490,400 by year five. Five-year ROI measures 45.28% and total cumulative return in cash reaches $260,386. For financing, Ziffy Mortgage’s DSCR program evaluates $7,183/mo property income against a $8,688/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2012
0.80 Acres 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: Ellen Monarque • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4003431