26 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 26 Carter St, Norwood, NJ, 07648 offers $7,440/mo rent that, after a $4,895/mo payment, leaves $313/mo cash flow. Total monthly income is $7,440/mo, and annual cash flow is $3,752/yr on $329,000 cash. Return on cash invested measures 21.2% in year one, and rental yield stands at 8.93% at a $999,999 entry. Equity gained on principal adds $6,453/yr while 5% annual appreciation compounds into $276,281 by year five. Five-year ROI records 110.97% and total cumulative return in cash reaches $365,103. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $7,440/mo property income versus a $4,895/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
9,147 sqft 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: Jonathan Minerick • Homecoin.Com
Mls Name: GSMLS
Mls ID: #4003730