1616 Pennsylvania Ave #207VinelandNJ08361
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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 1616 Pennsylvania Ave #207, Vineland, NJ, 08361 uses $51,383 cash to close to unlock $1,174/yr annual cash flow and $98/mo monthly cash flow. Total monthly income runs $1,203/mo, and a $759/mo payment keeps the spread at $98/mo. Purchase price stands at $155,000, and rental yield measures 9.31% with $1,203/mo rent. Return on cash invested shows 22.19% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 116.33% and total cumulative return in cash records $59,776. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,203/mo property income covering a $759/mo payment rather than investor’s personal income.
Manufactured
Built in 1996
N/A 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: Jill Santandrea • EXIT Realty Defined
Mls Name: Bright MLS
Mls ID: #NJCB2025312