428 Middlesex StGloucester 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
Investment property for sale in Gloucester City at 428 Middlesex St, Gloucester City, NJ, 08030 with 5% annual appreciation on a $190,000 basis while $1,460/mo rent supports operations. Total monthly income totals $1,460/mo and a $930/mo payment preserves $106/mo for cash returns. Annual cash flow comes to $1,268/yr on $62,985 deployed, and return on cash invested reaches 21.92% in year one. Equity gained on principal adds $1,226/yr, and five-year appreciation sums $52,494 alongside rental yield of 9.22%. Five-year ROI measures 114.88% and total cumulative return in cash totals $72,360.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,460/mo property income versus a $930/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1910
2,100 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Carr • Keller Williams Realty - Marlton
Mls Name: Bright MLS
Mls ID: #NJCD2107838