535 High StNorwoodNJ07648
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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 535 High St, Norwood, NJ, 07648 earns $2,472/mo cash flow from $7,440/mo rent with a $3,411/mo payment. Total monthly income totals $7,440/mo, and annual cash flow totals $29,668/yr on $229,313 capital. ROI tracks 33% on current figures, and rental yield reads 12.81% at a $697,000 purchase. Equity gained on principal adds $4,498/yr, and 5% annual appreciation supports $192,568 over five years. Five-year ROI reaches 174.25% and total cumulative return in cash sums $399,574. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,440/mo property income instead of your personal income.
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: Laura Latrenta • Weichert Realtors, Tenafly-Cresskill
Mls Name: NJMLS
Mls ID: #25028729