117 Manitee AveLawrence TownshipNJ08648
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
Rental property for sale in Lawrence Township at 117 Manitee Ave, Lawrence Township, NJ, 08648 priced at $389,000 pairs $2,842/mo rent with $69/mo cash flow after a $1,904/mo payment. Total monthly income equals $2,842/mo, and annual cash flow comes to $831/yr on $128,954 invested. Return on cash invested is 20.55% in year one, and rental yield stands at 8.77% on a $389,000 basis. Equity gained on principal adds $2,510/yr, and 5% annual appreciation accumulates to $107,474 by year five. Five-year ROI measures 107.54% and total cumulative return in cash reaches $138,678. For financing, Ziffy Mortgage’s DSCR program evaluates $2,842/mo property income against a $1,904/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1975
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08648, Trenton, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,031 (100%) |
| Owner Occupied HU | 7,958 (61.1%) |
| Renter Occupied HU | 4,397 (33.7%) |
| Vacant Housing Units | 676 ( 5.2%) |
| Median Home Value | $471,687 |
| Average Home Value | $498,738 |
Housing Distribution
Address Breakdown
Residential
12,538
Single Family
11,866
Multi-Family
672
Businesses
1,080
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sharif Hatab • BHHS Fox & Roach - Robbinsville
Mls Name: Bright MLS
Mls ID: #NJME2064024