315 Central AveGlendoraNJ08029
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 Glendora at 315 Central Ave, Glendora, NJ, 08029 priced at $250,000 converts $1,742/mo rent into after a $1,224/mo obligation. Total monthly income equals $1,742/mo. Return on cash invested prints 19.33% in year one, and rental yield reads 8.36% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 100.95% and total cumulative return in cash sums $83,662. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,742/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08029, Glendora, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,076 (100%) |
| Owner Occupied HU | 1,473 (71.0%) |
| Renter Occupied HU | 528 (25.4%) |
| Vacant Housing Units | 75 ( 3.6%) |
| Median Home Value | $263,837 |
| Average Home Value | $375,560 |
Housing Distribution
Address Breakdown
Residential
1,973
Single Family
1,846
Multi-Family
127
Businesses
114
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kari Tomeo • Opus Elite Real Estate of NJ, LLC
Mls Name: Bright MLS
Mls ID: #NJCD2108286