1012 E Walnut RdVinelandNJ08360
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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
Total monthly income runs $1,882/mo, and a $1,419/mo payment. Purchase price stands at $290,000, and rental yield measures 7.79% with $1,882/mo rent. Return on cash invested shows 17.6% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 91.75% and total cumulative return in cash records $88,204. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,882/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08360, Vineland, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,435 (100%) |
| Owner Occupied HU | 9,352 (56.9%) |
| Renter Occupied HU | 6,152 (37.4%) |
| Vacant Housing Units | 931 ( 5.7%) |
| Median Home Value | $216,822 |
| Average Home Value | $241,751 |
Housing Distribution
Address Breakdown
Residential
15,947
Single Family
15,386
Multi-Family
561
Businesses
1,646
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Listed by: Michael Grisko • RE/MAX Preferred - Mullica Hill
Mls Name: Bright MLS
Mls ID: #NJCB2028254