8 S Laurel StMillvilleNJ08332
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 Millville at 8 S Laurel St, Millville, NJ, 08332 priced at $209,900 converts $2,015/mo rent into $519/mo cash flow after a $1,027/mo obligation. Total monthly income equals $2,015/mo, and annual cash flow totals $6,231/yr on $69,582 invested. Return on cash invested prints 28.86% in year one, and rental yield reads 11.52% against a $209,900 entry. Equity gained on principal adds $1,354/yr, while 5% annual appreciation compiles into $57,992 by year five. Five-year ROI reaches 152.15% and total cumulative return in cash sums $105,872. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,015/mo property income covering a $1,027/mo payment, not borrower’s personal income.
Single Family
Built in 1927
3,960 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Iris Rivera • Better Homes and Gardens Real Estate Maturo
Mls Name: Bright MLS
Mls ID: #NJCB2027186