712 Holly Ln #84Cedar 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
Investment property for sale in Cedar Grove at 712 Holly Ln #84, Cedar Grove, NJ, 07009 earns from $3,638/mo rent with a $3,424/mo payment. Total monthly income totals $3,638/mo. ROI tracks 13.03% on current figures, and rental yield reads 6.24% at a $699,600 purchase. Equity gained on principal adds $4,514/yr, and 5% annual appreciation supports $193,287 over five years. Five-year ROI reaches 67.17% and total cumulative return in cash sums $154,594. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,638/mo property income instead of your personal income.
Condo
Built in N/A
N/A 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: Lisa Tomasella • Berkshire Hathaway Home Services Van Der Wende Properties
Mls Name: NJMLS
Mls ID: #25031242