811 Holly Ln BLDG 8 #811Cedar 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 811 Holly Ln BLDG 8 #811, Cedar Grove, NJ, 07009 uses $249,711 cash to close to unlock $21,479/yr annual cash flow and $1,790/mo monthly cash flow. Total monthly income runs $7,200/mo, and a $3,715/mo payment keeps the spread at $1,790/mo. Purchase price stands at $759,000, and rental yield measures 11.38% with $7,200/mo rent. Return on cash invested shows 28.66% in year one, and 5% annual appreciation builds toward $209,698 over five years. Five-year ROI reaches 150.98% and total cumulative return in cash records $377,015. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,200/mo property income covering a $3,715/mo payment rather than investor’s personal income.
Condo
Built in 2005
0.50 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: Helene Harrison • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4003648