3 Myrtle AveGloucester CityNJ08030
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3 Myrtle Ave, Gloucester City, NJ, 08030 generates $3,408/mo in rent and, after a $2,036/mo payment, leaves $443/mo in cash flow. Total monthly income is $3,408/mo, and annual cash flow is $5,318/yr on $137,871 invested. Return on cash invested sits at 23.77% in year one, and rental yield is 9.83% on a $415,900 entry. Equity gained on principal adds $2,684/yr, while 5% annual appreciation builds toward $114,906 over five years. Five-year ROI reaches 124.79% and total cumulative return in cash sums $172,048. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,408/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
6,919 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: William Jackson • Century 21 Alliance - Mantua
Mls Name: Bright MLS
Mls ID: #NJCD2109882