500 Essex StGloucester CityNJ08030
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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 Gloucester City at 500 Essex St, Gloucester City, NJ, 08030 priced at $219,900 pairs $1,526/mo rent with after a $1,076/mo payment. Total monthly income equals $1,526/mo. Return on cash invested is 19.23% in year one, and rental yield stands at 8.33% on a $219,900 basis. Equity gained on principal adds $1,419/yr, and 5% annual appreciation accumulates to $60,754 by year five. Five-year ROI measures 100.44% and total cumulative return in cash reaches $73,216. For financing, Ziffy Mortgage’s DSCR program evaluates $1,526/mo property income against a $1,076/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
1,999 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: Eugene Panaro • Panaro Realty
Mls Name: Bright MLS
Mls ID: #NJCD2099740