102 Aspen Ct #T002NorwoodNJ07648
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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 Norwood at 102 Aspen Ct #T002, Norwood, NJ, 07648 generates $7,440/mo in rent and, after a $4,400/mo payment, leaves $1,032/mo in cash flow. Total monthly income is $7,440/mo, and annual cash flow is $12,387/yr on $295,771 invested. Return on cash invested sits at 24.25% in year one, and rental yield is 9.93% on a $899,000 entry. Equity gained on principal adds $5,801/yr, while 5% annual appreciation builds toward $248,377 over five years. Five-year ROI reaches 127.33% and total cumulative return in cash sums $376,594. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,440/mo property income rather than buyer’s personal income.
Townhouse
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07648, Norwood, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,135 (100%) |
| Owner Occupied HU | 1,711 (80.1%) |
| Renter Occupied HU | 345 (16.2%) |
| Vacant Housing Units | 79 ( 3.7%) |
| Median Home Value | $730,032 |
| Average Home Value | $823,280 |
Housing Distribution
Address Breakdown
Residential
2,214
Single Family
2,078
Multi-Family
136
Businesses
266
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Listed by: Avia Blum • Coldwell Banker, Alpine/Closter
Mls Name: NJMLS
Mls ID: #25041780