89 Aspen 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 89 Aspen Dr, Cedar Grove, NJ, 07009 offers $6,893/mo rent that, after a $3,813/mo payment, leaves $1,340/mo cash flow. Total monthly income is $6,893/mo, and annual cash flow is $16,083/yr on $256,291 cash. Return on cash invested measures 26.34% in year one, and rental yield stands at 10.62% at a $779,000 entry. Equity gained on principal adds $5,027/yr while 5% annual appreciation compounds into $215,223 by year five. Five-year ROI records 138.52% and total cumulative return in cash reaches $355,010. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,893/mo property income versus a $3,813/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2019
48.26 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: Ann Mccarthy • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #3986545