25 Piermont 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
Investment property for sale in Norwood at 25 Piermont Rd, Norwood, NJ, 07648 listed at $995,000 pairs $9,322/mo rent with a $4,870/mo payment to leave $2,230/mo cash flow. Total monthly income runs $9,322/mo, and annual cash flow reaches $26,758/yr on $327,355 cash to close. Return on cash invested measures 28.23% in year one, and rental yield registers 11.24% at a $995,000 basis. Equity gained on principal adds $6,421/yr, and annual property appreciation at 5% supports $274,900 by year five. Five-year ROI tracks 148.68% and total cumulative return in cash totals $486,726. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $9,322/mo property income relative to a $4,870/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1961
1.13 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: Evelyn Ciszak • Coldwell Banker Realty Alp
Mls Name: GSMLS
Mls ID: #3985256