2427 Buttonwood LnMillvilleNJ08332
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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 2427 Buttonwood Ln, Millville, NJ, 08332 generates $2,673/mo in rent, after a $2,080/mo payment. Total monthly income is $2,673/mo. Return on cash invested sits at 16.88% in year one, and rental yield is 7.55% on a $424,900 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 87.84% and total cumulative return in cash sums $123,729. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,673/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
0.46 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: Timothy O'Neill • CAPE ISLANDS REALTY, LLC
Mls Name: CMCAOR
Mls ID: #260034