5 Myrtle AveGloucester CityNJ08030
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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 5 Myrtle Ave, Gloucester City, NJ, 08030 priced at $415,900 converts $3,374/mo rent into $409/mo cash flow after a $2,036/mo obligation. Total monthly income equals $3,374/mo, and annual cash flow totals $4,910/yr on $137,871 invested. Return on cash invested prints 23.47% in year one, and rental yield reads 9.74% against a $415,900 entry. Equity gained on principal adds $2,684/yr, while 5% annual appreciation compiles into $114,906 by year five. Five-year ROI reaches 123.2% and total cumulative return in cash sums $169,852. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,374/mo property income covering a $2,036/mo payment, not borrower’s personal income.
Single Family
Built in 2025
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: #NJCD2109962