84 Briarwood AveNorwoodNJ07648
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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 84 Briarwood Ave, Norwood, NJ, 07648 uses $305,970 cash to close to unlock $10,956/yr annual cash flow and $913/mo monthly cash flow. Total monthly income runs $7,542/mo, and a $4,552/mo payment keeps the spread at $913/mo. Purchase price stands at $930,000, and rental yield measures 9.73% with $7,542/mo rent. Return on cash invested shows 23.64% in year one, and 5% annual appreciation builds toward $256,942 over five years. Five-year ROI reaches 124.05% and total cumulative return in cash records $379,570. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,542/mo property income covering a $4,552/mo payment rather than investor’s personal income.
Single Family
Built in 1960
0.92 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: Attilio Adamo • Serhant New Jersey Llc
Mls Name: GSMLS
Mls ID: #3979866