1244 Garry AveVinelandNJ08361
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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 Vineland at 1244 Garry Ave, Vineland, NJ, 08361 generates $3,025/mo in rent and, after a $1,297/mo payment, leaves $1,136/mo in cash flow. Total monthly income is $3,025/mo, and annual cash flow is $13,634/yr on $87,848 invested. Return on cash invested sits at 35.43% in year one, and rental yield is 13.7% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 187.34% and total cumulative return in cash sums $164,571. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,025/mo property income rather than buyer’s personal income.
Multi Family
Built in 1955
0.53 Acres 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: Carlo Drogo SR. • EXP Realty, LLC
Mls Name: Bright MLS
Mls ID: #NJCB2027536