2300 S 2nd St #67 · Millville, NJ 08332

$66,000

2 bd · 2.0 ba · 1,000 sqft · SingleFamily · 33 Days on market

Built 1995 Fair condition 34 ac lot ↓ 3% since listing

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Why this score? — see what drove the B- 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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Rent growth +3.0/5.0
• Condition / age +2.2/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

ITS HERE YOUR HOME SWEET HOME ‼️‼️‼️MOBILE HOME FINANCING OR CASH PURCHASE ONLY. . MUST HAVE PARK APPROVAL. .. . Rental Lot $800.. .. . PARK APPROVAL REQUIRES 625 or above credit with proof of income Up & coming secluded community UNDER NEW OWNERS. BUYERS bring YOUR OWN flare to make this YOUR own Home Sweet Home. All offers considered. Financing Options are available through one of our preferred mobile home lenders. Concessions may be considered. A MUST-SEE MOBILE HOME!!! Schedule today. Looking for your 1st starter home. THIS IS IT. Everything you need for a starter home, including 2 full bathrooms with 2 bedrooms. Enjoy and relax in your covered porch or enjoy the great yard space for entertaining or as your own outdoor sanctuary. An affordable home. Waooo!!! Waiting for you. Ask about our financing options, Seller Concession options, Cash Buy options. Motivated seller . SELLING AS IS Relocating . All offers welcomed and considered. Send all offers via email. Any questions or concerns please contact the listing agent. A must in person see. Well maintained spacious BEAUTY!!! Laundry room, pantry area, closet space, his and hers bathroom sink, Central AC & Furnace 6 yrs new, Upgraded side door, new porch, fenced in yard, utility shed & more.

Key facts

• Covered porch
• Great yard space
• Pantry area

Tags

• COVERED PORCH
• GREAT YARD SPACE
• LAUNDRY ROOM
• PANTRY AREA
• CLOSET SPACE
• HIS AND HERS BATHROOM SINK

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $66k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $834 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $66k).
• Recommended offer: $64k (3.0% below list) — sets the bar for market timing.
• Cap rate 21.5% 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).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $456 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 1.9% rent growth), your $18k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; major wind risk, 73% 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 $64,020 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 2.47% ✓
• Cap rate: 21.46%
• Cash-on-cash: 54.16%
• DSCR: 3.41
• GRM: 3.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 51.1%
• Equity multiple: 3.20×
• Total profit: $40,729
• Equity at exit: $9,841

10-year hold

• IRR: 56.1%
• Equity multiple: 6.25×
• Total profit: $97,048
• Equity at exit: $5,706

Cash invested: $18,480 (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: 3.4×

Monthly cashflow live

• Estimated rent: $1,633 medium
• Mortgage (P&I): −$346
• Tax est. 1.5%: −$82 /mo · $990/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $834

Break-even live

Break-even rent $577

Max offer price $66,000

Occupancy floor 44%

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: $16,500
• Closing costs: $1,980
• Reserves months: —
• Total cash needed: —

Listing history 27 events

1. 2026-06-19
   days on market $66,000 Active 33 DOM
2. 2026-06-18
   days on market $66,000 Active 32 DOM
3. 2026-06-17
   price $66,000 Active 31 DOM
4. 2026-06-17
   days on market $66,999 Active 31 DOM
5. 2026-06-16
   days on market $66,999 Active 30 DOM
6. 2026-06-15
   days on market $66,999 Active 29 DOM
7. 2026-06-14
   days on market $66,999 Active 27 DOM
8. 2026-06-13
   days on market $66,999 Active 26 DOM
9. 2026-06-10
   days on market $66,999 Active 24 DOM
10. 2026-06-09
    days on market $66,999 Active 23 DOM
11. 2026-06-08
    days on market $66,999 Active 22 DOM
12. 2026-06-07
    days on market $66,999 Active 21 DOM
13. 2026-06-02
    days on market $66,999 Active 16 DOM
14. 2026-06-01
    days on market $66,999 Active 15 DOM
15. 2026-05-31
    days on market $66,999 Active 14 DOM
16. 2026-05-30
    days on market $66,999 Active 13 DOM
17. 2026-05-17
    listed $68,000 Active 1286-char remark

    Show marketing remark (1286 chars)

    ITS HERE YOUR HOME SWEET HOME ‼️‼️‼️MOBILE HOME FINANCING OR CASH PURCHASE ONLY. . MUST HAVE PARK APPROVAL. .. . Rental Lot $800.. .. . PARK APPROVAL REQUIRES 625 or above credit with proof of income Up & coming secluded community UNDER NEW OWNERS. BUYERS bring YOUR OWN flare to make this YOUR own Home Sweet Home. All offers considered. Financing Options are available through one of our preferred mobile home lenders. Concessions may be considered. A MUST-SEE MOBILE HOME!!! Schedule today. Looking for your 1st starter home. THIS IS IT. Everything you need for a starter home, including 2 full bathrooms with 2 bedrooms. Enjoy and relax in your covered porch or enjoy the great yard space for entertaining or as your own outdoor sanctuary. An affordable home. Waooo!!! Waiting for you. Ask about our financing options, Seller Concession options, Cash Buy options. Motivated seller . SELLING AS IS Relocating . All offers welcomed and considered. Send all offers via email. Any questions or concerns please contact the listing agent. A must in person see. Well maintained spacious BEAUTY!!! Laundry room, pantry area, closet space, his and hers bathroom sink, Central AC & Furnace 6 yrs new, Upgraded side door, new porch, fenced in yard, utility shed & more.

18. 2026-05-13
    historical
19. 2026-05-03
    price $67,900
20. 2026-03-28
    price $68,000
21. 2026-03-06
    price $69,000
22. 2026-03-05
    price $67,000
23. 2026-02-19
    price $68,000
24. 2026-02-12
    price $68,500
25. 2026-01-09
    price $69,000
26. 2025-12-29
    price $69,999
27. 2025-11-16
    listed $70,000 Active

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

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 27% 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 73% 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: $19,598
• − Mortgage interest: −$3,697
• − Property taxes: −$990
• − Insurance: −$330
• − Repairs & maintenance: −$1,568
• − Management: −$1,568
• − Depreciation: −$1,920
• Taxable income: $9,525
• Est. tax owed @ 24.0%: −$2,286
• After-tax cash flow: $7,723/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.

Condition & rehab AI · 12 photos

Fair 45/100 Moderate rehab

This mobile home requires moderate repairs and updates to improve its condition and value. Key areas for improvement include the kitchen, bathrooms, exterior, and flooring. Painting, replacing cabinets and appliances, and updating fixtures can significantly boost its resale and rental value.

Repairs flagged

• Moderate kitchen cabinets — dated and in need of replacement
• Moderate bathroom fixtures — dated and in need of replacement
• Moderate exterior siding — weathered and in need of repainting
• Minor HVAC system — no visible issues

Value-add opportunities

• Both paint interior walls — fresh paint can make a significant difference in appearance
• Both replace carpeting with hardwood or tile — hardwood or tile flooring can increase both resale and rental value
• Both replace kitchen cabinets and appliances — new cabinets and appliances can significantly boost both resale and rental value
• Both replace bathroom fixtures and tile — new fixtures and tile can greatly enhance both resale and rental value

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen cabinets · dated and in need of replacement	Moderate	$3,000–15,000
bathroom fixtures · dated and in need of replacement	Moderate	$3,000–15,000
exterior siding · weathered and in need of repainting	Moderate	$3,000–15,000
HVAC system · no visible issues	Minor	$500–3,000
Total estimated repair cost · 4 items		$9,500–48,000

Value-add ROI direction

• Both paint interior walls — fresh paint can make a significant difference in appearance ↑
• Both replace carpeting with hardwood or tile — hardwood or tile flooring can increase both resale and rental value ↑
• Both replace kitchen cabinets and appliances — new cabinets and appliances can significantly boost both resale and rental value ↑
• Both replace bathroom fixtures and tile — new fixtures and tile can greatly enhance both resale and rental value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

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

-2.9% since first listed

11 events — show timeline

• 2026-05-17 Listed $68,000 BRIGHT MLS
• 2026-05-13 Listing Removed — BRIGHT MLS
• 2026-05-03 Price Changed $67,900 BRIGHT MLS
• 2026-03-28 Price Changed $68,000 BRIGHT MLS
• 2026-03-06 Price Changed $69,000 BRIGHT MLS
• 2026-03-05 Price Changed $67,000 BRIGHT MLS
• 2026-02-19 Price Changed $68,000 BRIGHT MLS
• 2026-02-12 Price Changed $68,500 BRIGHT MLS
• 2026-01-09 Price Changed $69,000 BRIGHT MLS
• 2025-12-29 Price Changed $69,999 BRIGHT MLS
• 2025-11-16 Listed $70,000 BRIGHT MLS