413 High St WGlassboroNJ08028
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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 Glassboro at 413 High St W, Glassboro, NJ, 08028 offers $2,005/mo rent that, after a $1,369/mo payment, leaves $11/mo cash flow. Total monthly income is $2,005/mo, and annual cash flow is $134/yr on $92,746 cash. Return on cash invested measures 20.05% in year one, and rental yield stands at 8.6% at a $279,777 entry. Equity gained on principal adds $1,805/yr while 5% annual appreciation compounds into $77,297 by year five. Five-year ROI records 104.89% and total cumulative return in cash reaches $97,283. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,005/mo property income versus a $1,369/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08028, Glassboro, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,033 (100%) |
| Owner Occupied HU | 4,911 (54.4%) |
| Renter Occupied HU | 3,003 (33.2%) |
| Vacant Housing Units | 1,119 (12.4%) |
| Median Home Value | $348,100 |
| Average Home Value | $374,092 |
Housing Distribution
Address Breakdown
Residential
8,575
Single Family
7,658
Multi-Family
917
Businesses
505
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Listed by: Harshilkumar Desai • HOF Realty
Mls Name: Bright MLS
Mls ID: #NJGL2065536