401 Dercole Ct APT 114NorwoodNJ07648
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 401 Dercole Ct APT 114, Norwood, NJ, 07648 in Norwood achieves 1.65, rent of $2,760/mo covers the $1,674/mo payment 1.5x over at $372,286. Rental yield 8.9%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $102,856 over five years, with $3,429/yr in principal reduction bringing total projected return to $128,141.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.2% |
| Monthly Cash Flow | $(251) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,760 |
| Total Monthly Debt Service | $2,862 |
| DSCR Ratio | 0.96x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in N/A
N/A lot
$N/A/sqft
$357 monthly 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
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
Condo
Built in N/A
N/A lot
$N/A/sqft
$357 monthly 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: Heather Corrigan • RE/MAX Signature Homes
Mls Name: NJMLS
Mls Provider:
Mls ID: #25030227
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: 2025-08-26 07:42:17 PDT Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.