793 Clems RunGlassboroNJ08028
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
Rental property for sale in Glassboro at 793 Clems Run, Glassboro, NJ, 08028 priced at $450,000 converts $4,046/mo rent into $838/mo cash flow after a $2,203/mo obligation. Total monthly income equals $4,046/mo, and annual cash flow totals $10,056/yr on $149,175 invested. Return on cash invested prints 26.65% in year one, and rental yield reads 10.79% against a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation compiles into $124,327 by year five. Five-year ROI reaches 140.22% and total cumulative return in cash sums $209,166. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,046/mo property income covering a $2,203/mo payment, not borrower’s personal income.
Single Family
Built in 1971
2.88 Acres 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: Mark Honabach • Weichert Realtors-Turnersville
Mls Name: Bright MLS
Mls ID: #NJGL2062344