7 Redwood CtGlassboroNJ08028
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 Glassboro at 7 Redwood Ct, Glassboro, NJ, 08028 uses $116,025 cash to close to unlock $7,264/yr annual cash flow and $605/mo monthly cash flow. Total monthly income runs $3,100/mo, and a $1,713/mo payment keeps the spread at $605/mo. Purchase price stands at $350,000, and rental yield measures 10.63% with $3,100/mo rent. Return on cash invested shows 26.17% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 137.66% and total cumulative return in cash records $159,722. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,100/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Townhouse
Built in 1988
2,526 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Yolanda Pena Medina • Century 21 Reilly Realtors
Mls Name: Bright MLS
Mls ID: #NJGL2067828