895 Hogbin RdMillvilleNJ08332
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
Investment property for sale in Millville at 895 Hogbin Rd, Millville, NJ, 08332 with 5% annual appreciation on a $265,000 basis while $2,339/mo rent supports operations. Total monthly income totals $2,339/mo and a $1,297/mo payment preserves $450/mo for cash returns. Annual cash flow comes to $5,402/yr on $87,848 deployed, and return on cash invested reaches 26.06% in year one. Equity gained on principal adds $1,710/yr, and five-year appreciation sums $73,215 alongside rental yield of 10.59%. Five-year ROI measures 137.1% and total cumulative return in cash totals $120,435.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,339/mo property income versus a $1,297/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1995
0.60 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Monica Falciani • A J Falciani Realty
Mls Name: Bright MLS
Mls ID: #NJCB2024828