7244 Keron DrMillvilleNJ08332
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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 7244 Keron Dr, Millville, NJ, 08332 uses $33,150 cash to close to unlock $608/yr annual cash flow and $51/mo monthly cash flow. Total monthly income runs $763/mo, and a $489/mo payment keeps the spread at $51/mo. Purchase price stands at $100,000, and rental yield measures 9.16% with $763/mo rent. Return on cash invested shows 21.74% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 113.97% and total cumulative return in cash records $37,780. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $763/mo property income covering a $489/mo payment rather than investor’s personal income.
Manufactured
Built in 1985
8,999 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: Susanna Philippoussis • BHHS Fox & Roach-Vineland
Mls Name: Bright MLS
Mls ID: #NJCB2025874