1308 E Main StMillvilleNJ08332
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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 Millville at 1308 E Main St, Millville, NJ, 08332 listed at $249,000 pairs $2,110/mo rent with a $1,219/mo payment to leave $335/mo cash flow. Total monthly income runs $2,110/mo, and annual cash flow reaches $4,019/yr on $82,544 cash to close. Return on cash invested measures 24.78% in year one, and rental yield registers 10.17% at a $249,000 basis. Equity gained on principal adds $1,607/yr, and annual property appreciation at 5% supports $68,794 by year five. Five-year ROI tracks 130.17% and total cumulative return in cash totals $107,444. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,110/mo property income relative to a $1,219/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
8,358 sqft 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: Tina Swink • Swink Realty
Mls Name: Bright MLS
Mls ID: #NJCB2028366