117 Manitee Ave, Lawrence Township, NJ, 08648 | $69/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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117 Manitee Ave, Lawrence Township, NJ, 08648 | $69/mo Cash Flow | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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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

More details about the property

Located on a peaceful street in the sought-after Eldridge Park neighborhood of Lawrence Township, this home sits on a generous 0.35-acre lot. The expansive backyard is perfect for entertaining, gardening, or simply unwinding in your private outdoor space. The main level welcomes you with a cozy living room featuring a fireplace, a full kitchen, two bedrooms, and two baths, offering a comfortable and functional layout. Discover the potential of this rare and versatile property, a spacious 1-2 family home with an attached 3-room apartment, offering endless possibilities. Whether youre looking to live in one unit and rent the other, or prefer a mother/daughter setup, this property adapts to your needs. The main house features 3 bedrooms, 3 full baths, a bright and airy layout with a large bay window, skylight, hardwood floors, and central air. Step outside to enjoy the patio deck and take advantage of off-street parking. The attached apartment adds even more flexibility, making this property ideal for multi-generational living or additional rental income. Conveniently situated near shopping, dining, schools, and major highways, this property combines location, space, and opportunity. Plenty of parking on a dead end street.

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