24 Rieck AveMillvilleNJ08332
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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
Rental property for sale in Millville at 24 Rieck Ave, Millville, NJ, 08332 priced at $385,000 pairs $1,977/mo rent with after a $1,884/mo payment. Total monthly income equals $1,977/mo. Return on cash invested is 12.7% in year one, and rental yield stands at 6.16% on a $385,000 basis. Equity gained on principal adds $2,484/yr, and 5% annual appreciation accumulates to $106,368 by year five. Five-year ROI measures 65.44% and total cumulative return in cash reaches $83,518. For financing, Ziffy Mortgage’s DSCR program evaluates $1,977/mo property income against a $1,884/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
1.16 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: Nelida Andujar • BHHS Fox & Roach-Vineland
Mls Name: Bright MLS
Mls ID: #NJCB2028050