708 High St NMillvilleNJ08332
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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 Millville at 708 High St N, Millville, NJ, 08332 priced at $179,900 converts $1,947/mo rent into $664/mo cash flow after a $881/mo obligation. Total monthly income equals $1,947/mo, and annual cash flow totals $7,971/yr on $59,637 invested. Return on cash invested prints 33.27% in year one, and rental yield reads 12.99% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 175.82% and total cumulative return in cash sums $104,853. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,947/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1890
3,123 sqft 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: Mike DePalma • DePalma Realty
Mls Name: Bright MLS
Mls ID: #NJCB2025030