1400 Walnut StGlassboroNJ08028
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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 Glassboro at 1400 Walnut St, Glassboro, NJ, 08028 offers a 10.64% rental yield on a $325,000 purchase with $2,882/mo rent. Total monthly income registers $2,882/mo, and a $1,591/mo payment leaves $565/mo available for distribution. Annual cash flow reaches $6,782/yr on $107,738 to close, and return on cash invested stands at 26.2% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 137.86% and total cumulative return in cash at $148,525. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,882/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
10,019 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08028, Glassboro, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,033 (100%) |
| Owner Occupied HU | 4,911 (54.4%) |
| Renter Occupied HU | 3,003 (33.2%) |
| Vacant Housing Units | 1,119 (12.4%) |
| Median Home Value | $348,100 |
| Average Home Value | $374,092 |
Housing Distribution
Address Breakdown
Residential
8,575
Single Family
7,658
Multi-Family
917
Businesses
505
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Listed by: Amanda "Mandy" Fredericks • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #NJGL2062068