447 Carmel 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 447 Carmel Rd, Millville, NJ, 08332 offers a 14.89% rental yield on a $178,700 purchase with $2,217/mo rent. Total monthly income registers $2,217/mo, and a $875/mo payment leaves $668/mo available for distribution. Annual cash flow reaches $8,018/yr on $59,239 to close, and return on cash invested stands at 33.44% in year one. Equity gained on principal adds $1,153/yr while 5% annual appreciation supports $49,372 over five years. Portfolio math shows five-year ROI at 178.75% and total cumulative return in cash at $105,893. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,217/mo property income against a $875/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
1.18 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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Nearby investment properties with comparable prices
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