124 N BroadwayGloucester CityNJ08030
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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 Gloucester City at 124 N Broadway, Gloucester City, NJ, 08030 with 5% annual appreciation on a $225,900 basis while $1,596/mo rent supports operations. 68% in year one. Equity gained on principal adds $1,458/yr, and five-year appreciation sums $62,412 alongside rental yield of 8.48%. Five-year ROI measures 102.87% and total cumulative return in cash totals $77,031. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,596/mo property income versus a $1,106/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
1,799 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08030, Gloucester City, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,470 (100%) |
| Owner Occupied HU | 3,194 (58.4%) |
| Renter Occupied HU | 1,813 (33.1%) |
| Vacant Housing Units | 463 ( 8.5%) |
| Median Home Value | $219,530 |
| Average Home Value | $291,694 |
Housing Distribution
Address Breakdown
Residential
5,287
Single Family
5,076
Multi-Family
211
Businesses
383
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Listed by: Valerie Regan • Real Broker, LLC
Mls Name: Bright MLS
Mls ID: #NJCD2110024