237 Morris StGloucester 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
Rental property for sale in Gloucester City at 237 Morris St, Gloucester City, NJ, 08030 priced at $215,000 converts $2,071/mo rent into $539/mo cash flow after a $1,052/mo obligation. Total monthly income equals $2,071/mo, and annual cash flow totals $6,466/yr on $71,273 invested. Return on cash invested prints 28.98% in year one, and rental yield reads 11.56% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 152.73% and total cumulative return in cash sums $108,853. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,071/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Townhouse
Built in 1910
1,172 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: Drew Conlin • Society
Mls Name: Bright MLS
Mls ID: #NJCD2108730