130 Sparks AveGloucester 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 130 Sparks Ave, Gloucester City, NJ, 08030 uses $91,352 cash to close to unlock $9,415/yr annual cash flow and $785/mo monthly cash flow. Total monthly income runs $2,749/mo, and a $1,349/mo payment keeps the spread at $785/mo. Purchase price stands at $275,572, and rental yield measures 11.97% with $2,749/mo rent. Return on cash invested shows 30.21% in year one, and 5% annual appreciation builds toward $76,135 over five years. Five-year ROI reaches 159.36% and total cumulative return in cash records $145,582. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,749/mo property income covering a $1,349/mo payment rather than investor’s personal income.
Single Family
Built in 1925
4,356 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: Cathie Galanti • HomeSmart First Advantage Realty
Mls Name: Bright MLS
Mls ID: #NJCD2096444