405 Melvin AveGlendoraNJ08029
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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 Glendora at 405 Melvin Ave, Glendora, NJ, 08029 earns $842/mo cash flow from $3,265/mo rent with a $1,664/mo payment. Total monthly income totals $3,265/mo, and annual cash flow totals $10,100/yr on $112,710 capital. ROI tracks 28.87% on current figures, and rental yield reads 11.52% at a $340,000 purchase. Equity gained on principal adds $2,194/yr, and 5% annual appreciation supports $93,936 over five years. Five-year ROI reaches 152.14% and total cumulative return in cash sums $171,474. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,265/mo property income instead of your personal income.
Single Family
Built in 1964
6,251 sqft 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
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Listed by: Maureen Fusco • Keller Williams Hometown
Mls Name: Bright MLS
Mls ID: #NJCD2100692