231 Hudson AveNorwoodNJ07648
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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 231 Hudson Ave, Norwood, NJ, 07648 offers $7,440/mo rent that, after a $4,650/mo payment, leaves $668/mo cash flow. Total monthly income is $7,440/mo, and annual cash flow is $8,020/yr on $312,550 cash. Return on cash invested measures 22.63% in year one, and rental yield stands at 9.4% at a $950,000 entry. Equity gained on principal adds $6,130/yr while 5% annual appreciation compounds into $262,467 by year five. Five-year ROI records 118.63% and total cumulative return in cash reaches $370,766. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,440/mo property income versus a $4,650/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
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Listed by: Deborah Felder • Coldwell Banker, Fort Lee
Mls Name: NJMLS
Mls ID: #25043790