1017 Alexander DrVinelandNJ08361
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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 Vineland at 1017 Alexander Dr, Vineland, NJ, 08361 uses $104,423 cash to close to unlock $1,698/yr annual cash flow and $142/mo monthly cash flow. Total monthly income runs $2,387/mo, and a $1,542/mo payment keeps the spread at $142/mo. Purchase price stands at $315,000, and rental yield measures 9.09% with $2,387/mo rent. Return on cash invested shows 21.54% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 112.82% and total cumulative return in cash records $117,809. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,387/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Single Family
Built in 1942
7,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08361, Vineland, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,552 (100%) |
| Owner Occupied HU | 5,785 (76.6%) |
| Renter Occupied HU | 1,434 (19.0%) |
| Vacant Housing Units | 333 ( 4.4%) |
| Median Home Value | $293,096 |
| Average Home Value | $344,528 |
Housing Distribution
Address Breakdown
Residential
7,084
Single Family
6,920
Multi-Family
164
Businesses
233
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Listed by: Joseph Ware • Better Homes and Gardens Real Estate Maturo
Mls Name: Bright MLS
Mls ID: #NJCB2024838