913 Morris 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
Investment property for sale in Gloucester City at 913 Morris St, Gloucester City, NJ, 08030 listed at $250,000 pairs $2,106/mo rent with a $1,224/mo payment to leave $324/mo cash flow. Total monthly income runs $2,106/mo, and annual cash flow reaches $3,884/yr on $82,875 cash to close. Return on cash invested measures 24.6% in year one, and rental yield registers 10.11% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 129.23% and total cumulative return in cash totals $107,098. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,106/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1946
5,998 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: Richard Dolson • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #NJCD2107230