580 Forest Grove RdVinelandNJ08360
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Vineland at 580 Forest Grove Rd, Vineland, NJ, 08360 offers $2,274/mo rent that, after a $2,932/mo payment. Total monthly income is $2,274/mo. Return on cash invested measures 7.91% in year one, and rental yield stands at 4.56% at a $599,000 entry. Equity gained on principal adds $3,865/yr while 5% annual appreciation compounds into $165,493 by year five. Five-year ROI records 39.71% and total cumulative return in cash reaches $78,250. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,274/mo property income versus a $2,932/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
2.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08360, Vineland, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,435 (100%) |
| Owner Occupied HU | 9,352 (56.9%) |
| Renter Occupied HU | 6,152 (37.4%) |
| Vacant Housing Units | 931 ( 5.7%) |
| Median Home Value | $216,822 |
| Average Home Value | $241,751 |
Housing Distribution
Address Breakdown
Residential
15,947
Single Family
15,386
Multi-Family
561
Businesses
1,646
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Listed by: Melissa Fiori-Lacivita • BHHS Fox & Roach-Vineland
Mls Name: Bright MLS
Mls ID: #NJAC2022136