232 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
Total monthly income runs $1,570/mo, and a $1,126/mo payment. Purchase price stands at $229,990, and rental yield measures 8.19% with $1,570/mo rent. Return on cash invested shows 18.81% in year one, and 5% annual appreciation builds toward $63,542 over five years. Five-year ROI reaches 98.25% and total cumulative return in cash records $74,908. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,570/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1913
1,999 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: Reimond Caceres • NJ Elite Group, LLC
Mls Name: Bright MLS
Mls ID: #NJCD2106572