1609 Wills PlVinelandNJ08361
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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 1609 Wills Pl, Vineland, NJ, 08361 offers a 8.89% rental yield on a $458,000 purchase with $3,394/mo rent. Total monthly income registers $3,394/mo, and a $2,242/mo payment leaves $129/mo available for distribution. Annual cash flow reaches $1,550/yr on $151,827 to close, and return on cash invested stands at 20.93% in year one. Equity gained on principal adds $2,955/yr while 5% annual appreciation supports $126,537 over five years. Portfolio math shows five-year ROI at 109.58% and total cumulative return in cash at $166,365. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,394/mo property income against a $2,242/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
0.43 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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