633 Norwood DrWestfieldNJ07090
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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 Westfield at 633 Norwood Dr, Westfield, NJ, 07090 with 5% annual appreciation on a $749,900 basis while $5,525/mo rent supports operations. Total monthly income totals $5,525/mo and a $3,670/mo payment preserves $180/mo for cash returns. Annual cash flow comes to $2,163/yr on $246,717 deployed, and return on cash invested reaches 20.94% in year one. Equity gained on principal adds $4,839/yr, and five-year appreciation sums $207,184 alongside rental yield of 8.84%. Five-year ROI measures 109.57% and total cumulative return in cash totals $270,334.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,525/mo property income versus a $3,670/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1951
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07090, Westfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,991 (100%) |
| Owner Occupied HU | 8,618 (78.4%) |
| Renter Occupied HU | 1,912 (17.4%) |
| Vacant Housing Units | 461 ( 4.2%) |
| Median Home Value | $930,018 |
| Average Home Value | $1,034,058 |
Housing Distribution
Address Breakdown
Residential
11,017
Single Family
10,057
Multi-Family
960
Businesses
823
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Listed by: Kimberley Haley • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4004314