8 Merganser CtGlassboroNJ08028
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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
Investment property for sale in Glassboro at 8 Merganser Ct, Glassboro, NJ, 08028 listed at $475,000 pairs $4,672/mo rent with a $2,325/mo payment to leave $1,286/mo cash flow. Total monthly income runs $4,672/mo, and annual cash flow reaches $15,434/yr on $157,463 cash to close. Return on cash invested measures 29.71% in year one, and rental yield registers 11.8% at a $475,000 basis. Equity gained on principal adds $3,065/yr, and annual property appreciation at 5% supports $131,234 by year five. Five-year ROI tracks 156.66% and total cumulative return in cash totals $246,679. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,672/mo property income relative to a $2,325/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
8,973 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
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Listed by: Mary McManus • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #NJGL2057060