10 Homestead DrMillvilleNJ08332
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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 Millville at 10 Homestead Dr, Millville, NJ, 08332 priced at $334,990 pairs $2,700/mo rent with $312/mo cash flow after a $1,640/mo payment. Total monthly income equals $2,700/mo, and annual cash flow comes to $3,742/yr on $111,049 invested. Return on cash invested is 23.28% in year one, and rental yield stands at 9.67% on a $334,990 basis. Equity gained on principal adds $2,162/yr, and 5% annual appreciation accumulates to $92,552 by year five. Five-year ROI measures 122.15% and total cumulative return in cash reaches $135,641. For financing, Ziffy Mortgage’s DSCR program evaluates $2,700/mo property income against a $1,640/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08332, Millville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,288 (100%) |
| Owner Occupied HU | 9,183 (60.1%) |
| Renter Occupied HU | 4,847 (31.7%) |
| Vacant Housing Units | 1,258 ( 8.2%) |
| Median Home Value | $239,111 |
| Average Home Value | $296,530 |
Housing Distribution
Address Breakdown
Residential
14,355
Single Family
13,537
Multi-Family
818
Businesses
799
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Listed by: Ralph Velez Jr. • Keller Williams Real Estate
Mls Name: GSMLS
Mls ID: #4006819