1713 Hance Bridge RdMillvilleNJ08332
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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 1713 Hance Bridge Rd, Millville, NJ, 08332 earns $90/mo cash flow from $1,872/mo rent with a $1,224/mo payment. Total monthly income totals $1,872/mo, and annual cash flow totals $1,076/yr on $82,875 capital. ROI tracks 21.21% on current figures, and rental yield reads 8.99% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 111.06% and total cumulative return in cash sums $92,038. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,872/mo property income instead of your personal income.
Single Family
Built in 1952
2.16 Acres 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: Mike DePalma • DePalma Realty
Mls Name: Bright MLS
Mls ID: #NJCB2027268