2216 S 2nd 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 2216 S 2nd St, Millville, NJ, 08332 uses $85,859 cash to close to unlock $8,311/yr annual cash flow and $693/mo monthly cash flow. Total monthly income runs $2,539/mo, and a $1,268/mo payment keeps the spread at $693/mo. Purchase price stands at $259,000, and rental yield measures 11.76% with $2,539/mo rent. Return on cash invested shows 29.59% in year one, and 5% annual appreciation builds toward $71,557 over five years. Five-year ROI reaches 156.01% and total cumulative return in cash records $133,948. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,539/mo property income covering a $1,268/mo payment rather than investor’s personal income.
Single Family
Built in 1928
1.94 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: Kevin Dooley • Graham/Hearst Real Estate Company
Mls Name: Bright MLS
Mls ID: #NJCB2028306