136 Tappan RdNorwoodNJ07648
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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 136 Tappan Rd, Norwood, NJ, 07648 offers $6,185/mo rent that, after a $9,197/mo payment. Total monthly income is $6,185/mo. Return on cash invested measures 6.16% in year one, and rental yield stands at 3.95% at a $1,879,000 entry. Equity gained on principal adds $12,125/yr while 5% annual appreciation compounds into $519,133 by year five. Five-year ROI records 30.28% and total cumulative return in cash reaches $184,342. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $6,185/mo property income versus a $9,197/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.81 Acres 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: Attilio Adamo • Serhant New Jersey Llc
Mls Name: GSMLS
Mls ID: #3980321