82 Harper TerCedar 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 82 Harper Ter, Cedar Grove, NJ, 07009 priced at $629,000 pairs $4,711/mo rent with $227/mo cash flow after a $3,079/mo payment. Total monthly income equals $4,711/mo, and annual cash flow comes to $2,727/yr on $206,941 invested. Return on cash invested is 21.38% in year one, and rental yield stands at 8.99% on a $629,000 basis. Equity gained on principal adds $4,059/yr, and 5% annual appreciation accumulates to $173,781 by year five. Five-year ROI measures 111.94% and total cumulative return in cash reaches $231,657. For financing, Ziffy Mortgage’s DSCR program evaluates $4,711/mo property income against a $3,079/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
9,583 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: Michele Galante • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3980611