21 S Academy St #CGlassboroNJ08028
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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 21 S Academy St #C, Glassboro, NJ, 08028 uses $125,937 cash to close to unlock $3,535/yr annual cash flow and $295/mo monthly cash flow. Total monthly income runs $3,002/mo, and a $1,859/mo payment keeps the spread at $295/mo. Purchase price stands at $379,900, and rental yield measures 9.48% with $3,002/mo rent. Return on cash invested shows 22.72% in year one, and 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 119.13% and total cumulative return in cash records $150,029. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,002/mo property income covering a $1,859/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A 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: Jim Onesti • KW Empower
Mls Name: Bright MLS
Mls ID: #NJGL2068110