18 Carter StNorwoodNJ07648
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 18 Carter St, Norwood, NJ, 07648 offers $7,440/mo rent that, after a $4,689/mo payment, leaves $611/mo cash flow. Total monthly income is $7,440/mo, and annual cash flow is $7,338/yr on $315,182 cash. Return on cash invested measures 22.39% in year one, and rental yield stands at 9.32% at a $958,000 entry. Equity gained on principal adds $6,182/yr while 5% annual appreciation compounds into $264,678 by year five. Five-year ROI records 117.35% and total cumulative return in cash reaches $369,857. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,440/mo property income versus a $4,689/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Youngjoo Sung • RE/MAX Now
Mls Name: NJMLS
Mls Provider:
Mls ID: #24037060
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-02-18 12:08:37 PST Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.