12A Gramercy LaneManchesterNJ08759
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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
Investment Highlights
Investment property for sale in Manchester at 12A Gramercy Lane, Manchester, NJ, 08759 earns $441/mo cash flow from $2,516/mo rent with a $1,174/mo payment. Total monthly income totals $2,516/mo, and annual cash flow totals $5,295/yr on $79,527 capital. ROI tracks 26.57% on current figures, and rental yield reads 12.59% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 141.82% and total cumulative return in cash sums $112,783. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,516/mo property income instead of your personal income.
Condo
Built in 1973
6,098 sqft lot
$N/A/sqft
$365 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08759, Manchester Township, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,283 (100%) |
| Owner Occupied HU | 19,068 (81.9%) |
| Renter Occupied HU | 2,211 ( 9.5%) |
| Vacant Housing Units | 2,004 ( 8.6%) |
| Median Home Value | $231,529 |
| Average Home Value | $352,495 |
Housing Distribution
Address Breakdown
Residential
22,057
Single Family
21,519
Multi-Family
538
Businesses
338
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Listed by: Lois Gordon • Crossroads Realty Manchester
Mls Name: MOMLS
Mls Provider:
Mls ID: #22427173
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.