33 Laurel 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 33 Laurel Rd, Millville, NJ, 08332 uses $107,737 cash to close to unlock $1,922/yr annual cash flow and $160/mo monthly cash flow. Total monthly income runs $2,477/mo, and a $1,591/mo payment keeps the spread at $160/mo. Purchase price stands at $324,999, and rental yield measures 9.15% with $2,477/mo rent. Return on cash invested shows 21.69% in year one, and 5% annual appreciation builds toward $89,791 over five years. Five-year ROI reaches 113.67% and total cumulative return in cash records $122,461. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,477/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 2006
0.28 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: Katrinka Stinson • Better Homes and Gardens Real Estate Maturo
Mls Name: Bright MLS
Mls ID: #NJCB2027138