2 Cardinal 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 2 Cardinal Rd, Millville, NJ, 08332 offers a 11.21% rental yield on a $289,000 purchase with $2,700/mo rent. Total monthly income registers $2,700/mo, and a $1,415/mo payment leaves $640/mo available for distribution. Annual cash flow reaches $7,675/yr on $95,804 to close, and return on cash invested stands at 27.92% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 147.05% and total cumulative return in cash at $140,882. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,700/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
10,080 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: Melissa Fiori-Lacivita • BHHS Fox & Roach-Vineland
Mls Name: Bright MLS
Mls ID: #NJCB2028356