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Value at $332K, Rent up to $2,710
Updated 8 days ago • 2 new comps
Your Investment Paths
Turnkey Rental
The property at 428 Cedar Lane shows strong rental potential in the current market. Monthly income projections range from $2,367 to $2,710, offering a competitive yield of approximately 9.49% for savvy investors seeking steady cash flow. With a market-driven annual appreciation estimate of $5,586, this home presents a solid long-term hold. Given the stable demand for single-family rentals in Millville, this property stands out as a reliable addition to any portfolio.
More about this home
Neighborhood Assessment
428 Cedar Ln sits in a stable Millville, NJ neighborhood with decent walkability to Rieck Avenue Elementary (5/10 rating, 0.4 miles away). Nearby comps like 424 Cedar Ln (Zest. $334K) and 432 Cedar Ln ($327K) show solid values for similar 3-bed homes, aligning with this 2017-built 1,350 sqft property's $321K valuation. Lakeside Middle (3/10) is farther at 2.5 miles, but the area feels family-friendly. No major developments popping up, though Millville's steady growth keeps demand consistent. Risks like major fire (5/10) and wind (6/10) are worth noting, but minimal flood risk helps. Comps rent around $2.4K/mo, signaling reliable income potential.
Market Activity
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Rental Income
$30K
Yield
9.5%
Appreciation
$6K
Year 1 Estimates
Fix-and-Flip
Modern updates provide a wonderful way to refresh your home, offering a personalized touch that captures attention. While the price per square foot remains stable at $214 compared to $212, these improvements help create a truly inviting atmosphere. These enhancements help your property shine, potentially boosting rental income to $2,651. Embracing these upgrades creates a space that feels fresh and current, offering a fantastic lifestyle benefit and helping your home stand out in today's market.
Value Add
$2K
Appreciation
$5K
Post Typical Renovation
Buy-Rehab-Rent
This property offers solid BRR potential with a post-renovation value estimated between $283,000 and $313,000. While the flip margin is thin, the asset is well-positioned for long-term buy-and-hold success in this specific market. The projected $2,650 monthly rental income generates a strong 10.7% yield. With reliable appreciation trends, this investment serves as a stable income generator, making it a dependable choice for building wealth through consistent rental cash flow.
Rental Income
$32K
Yield
10.7%
Appreciation
$5K
Year 1 Estimates, Post Typical Renovation
Estimated value
$321K
$11.5K below comp median
Comparative Market Analysis
$300K – $367K
~121 days to sell
Based on 8 comps
428 Cedar Ln, Millville Investment Report: Flip & Rental Analysis · Frontflip