1709 Coventry · Millville, NJ 08332

$160,000

3 bd · 2.0 ba · 1,472 sqft · Townhouse public records · 25 Days on market

Built 1978 4,356 sqft lot

---

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 +23.2/30.0
• DSCR +7.5/10.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• 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

Spacious 1/2 duplex 1456 sqft 3 beds, 1.5 baths. Home is kept in great care. Start collecting $1300 rent a month immediately. Property is being sold strictly AS IS. This is being sold together with 1711 Coventry Way. 1711 Coventry Way collects $1375 rent a month. $2675 total rent for both units.

Key facts

• Major updates
• Immediate occupancy
• Tenant-occupied

Tags

• MAJOR UPDATES
• ROOF AND FURNACE REPLACED
• IMMEDIATE OCCUPANCY
• LONG-TERM RENTAL OPTION
• VALUE-ADD INVESTMENT STRATEGY
• TENANT-OCCUPIED

Property features AI

Finance

• Financial info: Fee simple ownership

Exterior

• Parking: Driveway
• Utilities: Public water; Public sewer; Electric service
• Home design: Semi-detached property; Estimated year built
• Construction: Aluminum siding; Shingle roof; Slab foundation; Above-grade other structures
• Exterior features: Lot roughly 40 x 110; Not in a federal flood zone; No tidal water

Interior

• Bedrooms: Three bedrooms on the first upper level
• Bathrooms: One full bathroom on the first upper level; One half bathroom on the main level
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (electric); Electric hot water
• Interior features: Estimated living area; No basement

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath townhouse listed at $160k.

Deal economics

• At list price, monthly cash flow is $291 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $160k).
• Recommended offer: $158k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.5% 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; 2 comparable units currently listed for rent nearby; 216 units permitted in Cumberland County in 2024 (73 in 5+ unit buildings).
• This rent runs 32% 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

• It's been on market 25 days — a 2% lower offer ($158k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 27y ago 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.
• Current owner paid $80k; list at $160k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• 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 $157,600 (1.5% below list)

Questions for the listing agent

1. Built in 1978 — 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: 1.14% ✓
• Cap rate: 8.47%
• Cash-on-cash: 7.78%
• DSCR: 1.35
• GRM: 7.3

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: -5.6%
• Equity multiple: 0.79×
• Total profit: $-9,290
• Equity at exit: $23,857

10-year hold

• IRR: 2.7%
• Equity multiple: 1.18×
• Total profit: $8,234
• Equity at exit: $13,834

Cash invested: $44,800 (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: 7.3×

Monthly cashflow live

• Estimated rent: $1,823 medium
• Mortgage (P&I): −$839
• Tax from tax record: −$244 /mo · $2,924/yr
• Insurance: −$67
• HOA: −$0
• Vacancy / Maint / Mgmt: −$383
• Net cashflow: $291

Break-even live

Break-even rent $1,455

Max offer price $160,000

Occupancy floor 79%

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: $40,000
• Closing costs: $4,800
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
301 N Wade Blvd Millville, NJ	1.0–2.0	1.0	1005	$1,715	$1.71	13d	10	0.14mi
112 W Main St Unit B Millville, NJ	3.0	1.0	1384	$1,500	$1.08	43d	1	1.44mi

Listing history 33 events

1. 2026-06-19
   days on market $160,000 Active 25 DOM
2. 2026-06-18
   days on market $160,000 Active 24 DOM
3. 2026-06-17
   days on market $160,000 Active 23 DOM
4. 2026-06-16
   days on market $160,000 Active 22 DOM
5. 2026-06-15
   days on market $160,000 Active 21 DOM
6. 2026-06-14
   days on market $160,000 Active 19 DOM
7. 2026-06-13
   days on market $160,000 Active 18 DOM
8. 2026-06-10
   days on market $160,000 Active 16 DOM
9. 2026-06-09
   days on market $160,000 Active 15 DOM
10. 2026-06-08
    days on market $160,000 Active 14 DOM
11. 2026-06-07
    days on market $160,000 Active 13 DOM
12. 2026-06-02
    days on market $160,000 Active 8 DOM
13. 2026-06-01
    days on market $160,000 Active 7 DOM
14. 2026-05-31
    days on market $160,000 Active 6 DOM
15. 2026-05-30
    days on market $160,000 Active 5 DOM
16. 2026-05-25
    listed $160,000 Active
17. 2021-09-08
    soldstatus $80,000
18. 2021-08-20
    soldstatus $80,000 Closed 296-char remark

    Show marketing remark (296 chars)

    Spacious 1/2 duplex 1456 sqft 3 beds, 1.5 baths. Home is kept in great care. Start collecting $1300 rent a month immediately. Property is being sold strictly AS IS. This is being sold together with 1711 Coventry Way. 1711 Coventry Way collects $1375 rent a month. $2675 total rent for both units.

19. 2021-07-15
    status Pending 296-char remark

    Show marketing remark (296 chars)

    Spacious 1/2 duplex 1456 sqft 3 beds, 1.5 baths. Home is kept in great care. Start collecting $1300 rent a month immediately. Property is being sold strictly AS IS. This is being sold together with 1711 Coventry Way. 1711 Coventry Way collects $1375 rent a month. $2675 total rent for both units.

20. 2021-07-06
    listed $89,000 Active 296-char remark

    Show marketing remark (296 chars)

    Spacious 1/2 duplex 1456 sqft 3 beds, 1.5 baths. Home is kept in great care. Start collecting $1300 rent a month immediately. Property is being sold strictly AS IS. This is being sold together with 1711 Coventry Way. 1711 Coventry Way collects $1375 rent a month. $2675 total rent for both units.

21. 2017-01-01
    historical 482-char remark

    Show marketing remark (482 chars)

    Why rent when you can come home to this spacious well-maintained and move-in ready 3 bedroom 1 1/2 bath home in Millville. This is definitely not a drive-by and it will make you feel right at home as soon as you walk through the front door! Situated on a dead-end street, it is close to Route 55, shopping, public transportation and schools. Being sold in "As Is" condition and the buyer will be responsible for any and all certifications if needed by the City or lender.

22. 2016-12-31
    historical
23. 2016-06-13
    price $79,900 482-char remark

    Show marketing remark (482 chars)

    Why rent when you can come home to this spacious well-maintained and move-in ready 3 bedroom 1 1/2 bath home in Millville. This is definitely not a drive-by and it will make you feel right at home as soon as you walk through the front door! Situated on a dead-end street, it is close to Route 55, shopping, public transportation and schools. Being sold in "As Is" condition and the buyer will be responsible for any and all certifications if needed by the City or lender.

24. 2016-03-20
    price $89,900 482-char remark

    Show marketing remark (482 chars)

    Why rent when you can come home to this spacious well-maintained and move-in ready 3 bedroom 1 1/2 bath home in Millville. This is definitely not a drive-by and it will make you feel right at home as soon as you walk through the front door! Situated on a dead-end street, it is close to Route 55, shopping, public transportation and schools. Being sold in "As Is" condition and the buyer will be responsible for any and all certifications if needed by the City or lender.

25. 2015-11-04
    price $99,900 482-char remark

    Show marketing remark (482 chars)

    Why rent when you can come home to this spacious well-maintained and move-in ready 3 bedroom 1 1/2 bath home in Millville. This is definitely not a drive-by and it will make you feel right at home as soon as you walk through the front door! Situated on a dead-end street, it is close to Route 55, shopping, public transportation and schools. Being sold in "As Is" condition and the buyer will be responsible for any and all certifications if needed by the City or lender.

26. 2015-10-07
    price $103,000 482-char remark

    Show marketing remark (482 chars)

    Why rent when you can come home to this spacious well-maintained and move-in ready 3 bedroom 1 1/2 bath home in Millville. This is definitely not a drive-by and it will make you feel right at home as soon as you walk through the front door! Situated on a dead-end street, it is close to Route 55, shopping, public transportation and schools. Being sold in "As Is" condition and the buyer will be responsible for any and all certifications if needed by the City or lender.

27. 2015-09-18
    price $109,900 482-char remark

    Show marketing remark (482 chars)

    Why rent when you can come home to this spacious well-maintained and move-in ready 3 bedroom 1 1/2 bath home in Millville. This is definitely not a drive-by and it will make you feel right at home as soon as you walk through the front door! Situated on a dead-end street, it is close to Route 55, shopping, public transportation and schools. Being sold in "As Is" condition and the buyer will be responsible for any and all certifications if needed by the City or lender.

28. 2015-08-07
    price $112,000 482-char remark

    Show marketing remark (482 chars)

    Why rent when you can come home to this spacious well-maintained and move-in ready 3 bedroom 1 1/2 bath home in Millville. This is definitely not a drive-by and it will make you feel right at home as soon as you walk through the front door! Situated on a dead-end street, it is close to Route 55, shopping, public transportation and schools. Being sold in "As Is" condition and the buyer will be responsible for any and all certifications if needed by the City or lender.

29. 2015-06-30
    listed $120,000 Active 482-char remark

    Show marketing remark (482 chars)

    Why rent when you can come home to this spacious well-maintained and move-in ready 3 bedroom 1 1/2 bath home in Millville. This is definitely not a drive-by and it will make you feel right at home as soon as you walk through the front door! Situated on a dead-end street, it is close to Route 55, shopping, public transportation and schools. Being sold in "As Is" condition and the buyer will be responsible for any and all certifications if needed by the City or lender.

30. 2015-06-23
    listed $79,900
31. 1999-07-07
    soldstatus $32,500
32. 1999-04-09
    historical
33. 1999-01-22
    listed $33,900

ⓘ 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: $2,924 · $244/mo
• Projected year-2 tax: $3,454 · $288/mo
• Expected delta: +$530/yr (+$44/mo · 18.1%)

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 7/10 Severe 7 d/yr ≥102°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: $21,873
• − Mortgage interest: −$8,962
• − Property taxes: −$2,924
• − Insurance: −$800
• − Repairs & maintenance: −$1,750
• − Management: −$1,750
• − Depreciation: −$4,655
• Taxable income: $1,032
• Est. tax owed @ 24.0%: −$248
• After-tax cash flow: $3,239/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

+372.0% since first listed

18 events — show timeline

• 2026-05-25 Listed $160,000 BRIGHT MLS
• 2021-09-08 Sold (Public Records) $80,000 Public Records
• 2021-08-20 Sold (MLS) $80,000 BRIGHT MLS
• 2021-07-15 Pending — BRIGHT MLS
• 2021-07-06 Listed $89,000 BRIGHT MLS
• 2017-01-01 Listing Removed — SJSRMLS
• 2016-12-31 Listing Removed — BRIGHT MLS
• 2016-06-13 Price Changed $79,900 SJSRMLS
• 2016-03-20 Price Changed $89,900 SJSRMLS
• 2015-11-04 Price Changed $99,900 SJSRMLS
• 2015-10-07 Price Changed $103,000 SJSRMLS
• 2015-09-18 Price Changed $109,900 SJSRMLS
• 2015-08-07 Price Changed $112,000 SJSRMLS
• 2015-06-30 Listed $120,000 SJSRMLS
• 2015-06-23 Listed $79,900 BRIGHT MLS
• 1999-07-07 Sold (MLS) $32,500 SJSRMLS
• 1999-04-09 Listing Removed — SJSRMLS
• 1999-01-22 Listed $33,900 SJSRMLS

Property tax history

+2.1%/yr

Latest (2025): $2,924 · +3.3% YoY. Source: county tax records.