208 S 4th St · Millville, NJ 08332

$180,200

3 bd · 2.0 ba · 2,310 sqft · SingleFamily public records · 7 Days on market

Built 1912 Est $196k · 8% under

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +24.1/30.0
• ARV discount +11.2/15.0
• DSCR +7.8/10.0
• 1% rule +6.9/10.0
• Livability +3.2/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Very nice Victorian home in the ever growing Millive. The property value is soaring. .This 5 bedroom house is huge. .. you will get lost inside! 2 kitchens. .turn into duplex or great for extended family! Detached shed in back yard. "AS IS" MUST SEE!!

Key facts

• Built 1912
• Listed 6 days

Property features AI

Finance

• Other: Listed as an auction

Exterior

• Parking: No exterior parking; No garage
• Utilities: Public water; Public sewer
• Home design: Property offered for sale
• Exterior features: Not waterfront; Lot dimensions: 3960; Lot less than 1 acre; Zoned R-1 (residential); Not in a floodplain

Interior

• Kitchen: Kitchen on main level — 10 x 10; Dining room on main level — 12 x 11; Living room on main level — 13 x 12
• Bedrooms: Bedroom 1 (Upper) — 12 x 11; Bedroom 2 (Upper) — 11 x 11; Bedroom 3 (Upper) — 10 x 10
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating
• Interior features: Full unfinished basement; 7 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $355 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Cap rate 8.7% vs local median 4.2% in Millville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 63/100 on livability (#431 in NJ) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety B+; Watch: schools F, crime F, amenities F.
• Millville School District (suburban): math 6% / reading 28% proficiency, ranked #447 of 472 in NJ (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+1.9%/yr); 296 active listings in the ZIP; 216 units permitted in Cumberland County in 2024 (73 in 5+ unit buildings).
• This rent runs 38% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Cumberland County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 21y ago; this cycle's ask has dropped $180.02M (100%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $99k; list at $180k implies a 82% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1912 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 75% chance of damaging wind over 30y; moderate wildfire risk; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $180,200

Questions for the listing agent

1. Built in 1912 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.19% ✓
• Cap rate: 8.65%
• Cash-on-cash: 8.44%
• DSCR: 1.38
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $196,350
• Comps found: 11

Show comp detail 11 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
600 E Main St	0.22mi	4/1.0 (+1)	2,228 (-4%)	7mo	$156,400	$70	69
304 S 6th St	0.16mi	3/1.0	2,417 (+5%)	15mo	$102,500	$42	69
101 N 3rd St	0.22mi	4/1.5 (+1)	2,323 (+1%)	17mo	$180,000	$77	68
12-14 S 9th	0.37mi	4/2.0 (+1)	2,237 (-3%)	13mo	$285,000	$127	61
228 Smith St	0.14mi	4/2.0 (+1)	2,108 (-9%)	18mo	$190,000	$90	59
10 Broad St	0.66mi	3/2.0	2,158 (-7%)	14mo	$278,400	$129	46
48 Jfk Blvd	0.60mi	3/2.0	2,100 (-9%)	16mo	$120,000	$57	43
509 N 7th St	0.58mi	2/1.0 (-1)	2,164 (-6%)	19mo	$185,000	$85	38
527 E Mulberry St	0.36mi	4/1.0 (+1)	1,967 (-15%)	17mo	$112,500	$57	35
506 Valatia Ave	0.71mi	3/2.0	2,010 (-13%)	13mo	$325,000	$162	34
1309 Main St W	0.68mi	4/2.5 (+1)	1,997 (-14%)	12mo	$400,000	$200	28

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 1.94% rent growth · sell at horizon

5-year hold

• IRR: -4.7%
• Equity multiple: 0.83×
• Total profit: $-8,779
• Equity at exit: $26,868

10-year hold

• IRR: 3.7%
• Equity multiple: 1.25×
• Total profit: $12,737
• Equity at exit: $15,580

Cash invested: $50,456 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 21 Tenant-Leaning
• State New Jersey: 21 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

Anti-eviction Act requires just-cause statewide; rent control in 100+ municipalities; one of the most tenant-friendly states.

Methodology + full state rankings →

ZIP-level market 08332

• Home prices YoY: -28.9%
• Rents YoY: 1.9%
• Active inventory: 296
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $2,136 medium
• Mortgage (P&I): −$945
• Tax from tax record: −$312 /mo · $3,748/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $355

Break-even live

Break-even rent $1,687

Max offer price $180,200

Occupancy floor 78%

Sensitivity live

Price	-10% $457	-5% $406	+0% $355	+5% $304	+10% $253
Rent	-10% $186	-5% $270	+0% $355	+5% $439	+10% $523
Rate	-1.0pp $445	-0.5pp $401	base $355	+0.5pp $308	+1.0pp $260

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $45,050
• Closing costs: $5,406
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-06-19
   days on market $180,200 Active 7 DOM
2. 2026-06-18
   days on market $180,200 Active 6 DOM
3. 2026-06-17
   days on market $180,200 Active 5 DOM
4. 2026-06-17
   price $180,200 Active 4 DOM
5. 2026-06-16
   days on market $180,200,000 Active 4 DOM
6. 2026-06-15
   days on market $180,200,000 Active 3 DOM
7. 2026-06-13
   remarks 433-char remark
8. 2026-06-13
   listed $180,200,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NJ · Partial reset (capped growth)

• Current annual tax: $3,748 · $312/mo
• Projected year-2 tax: $4,117 · $343/mo
• Expected delta: +$370/yr (+$31/mo · 9.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥103°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 75% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,626
• − Mortgage interest: −$10,094
• − Property taxes: −$3,748
• − Insurance: −$901
• − Repairs & maintenance: −$2,050
• − Management: −$2,050
• − Depreciation: −$5,242
• Taxable income: $1,541
• Est. tax owed @ 24.0%: −$370
• After-tax cash flow: $3,886/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Millville School District
• NCES district ID: 3410320
• Math proficiency: 6% ▼ -11.00%
• Reading proficiency: 28% ▲ 1.00%
• Median HH income: $48,851
• Composite: 15.23/100
• National rank: #9338
• State rank: #447 of 472 in NJ

Livability — Millville

• Score: 63/100
• State rank: #431
• US rank: #15561

Category grades

Amenities F Commute F Cost of living C+ Crime F Employment C+ Housing A+ Health & safety B+ User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Millville, NJ
• County: Cumberland County · 80,266 people
• City population: 35,228
• Metro: Vineland-Bridgeton, NJ
• Population (ZIP): 35,228
• Household income: $67,496
• Rent vs Own: 32.6% rent · 67.4% own
• Severe rent burden: 1761.0

Population outlook (Cumberland County) Hauer SSP2

• Today (2025): 152,743 people
• By 2030: 150,373 · -1.6%
• By 2040: 146,881 · -3.8%
• By 2050: 142,653 · -6.6%
• By 2075: 129,468 · -15.2%
• By 2100: 107,456 · -29.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 59% Hispanic / Latino 17% Black 15% Two or more races 11% Asian 2%
• Hispanic origin (detail): Mexican 4% Puerto Rican 10%
• Common ancestry: Romanian 4% Lithuanian 2% Slovak 1%
• Foreign-born: 7% · Canada
• Languages at home: 85% English-only · Spanish 11% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Cumberland

• 2024 margin: Toss-up / Even · D 47.6% · R 51.3% · Other 1.1%
• 2008→2024 swing: -25.4pp toward R · 2008: 21.6pp · 2024: -3.8pp
• All cycles: 2024: R+3.8 2020: D+6.0 2016: D+5.3 2012: D+23.1 2008: D+21.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -111.45%
• Current HPI: 274.8011
• Rent YoY: ▲ 1.94%
• Metro: Vineland-Bridgeton, NJ
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

Industry mix (Fortune 500 HQ in NJ)

Industry	F500 HQs	Revenue
▸Consumer Goods	3	$31B
▸Pharmaceuticals	2	$153B
▸Technology	2	$21B
▸Insurance	2	$20B
▸Healthcare	2	$19B
▸Financial Services	1	$70B

Price history

+310589.7% since first listed

15 events — show timeline

• 2026-06-12 Listed $180,200,000 SJSRMLS
• 2005-11-02 Sold (Public Records) $99,000 Public Records
• 2005-10-07 Sold (MLS) $68,775 SJSRMLS
• 2005-09-28 Sold (MLS) $99,000 BRIGHT MLS
• 2005-09-01 Listing Removed — SJSRMLS
• 2005-08-26 Listing Removed — BRIGHT MLS
• 2005-08-09 Listed $99,000 SJSRMLS
• 2005-08-05 Listed $99,000 BRIGHT MLS
• 2005-05-14 Sold (MLS) $65,559 SJSRMLS
• 2005-04-26 Sold (MLS) $68,775 BRIGHT MLS
• 2005-03-14 Listing Removed — SJSRMLS
• 2005-02-28 Listing Removed — BRIGHT MLS
• 2005-02-18 Listed $68,775 BRIGHT MLS
• 2005-02-18 Listed $58,500 SJSRMLS
• 2000-01-04 Sold (Public Records) $58,000 Public Records

Property tax history

+2.1%/yr

Latest (2025): $3,748 · +3.3% YoY. Source: county tax records.