16 Lenape Drive #AManchester TownshipNJ08759
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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
Rental property for sale in Manchester Township at 16 Lenape Drive #A, Manchester Township, NJ, 08759 priced at $157,500 converts $1,920/mo rent into $377/mo cash flow after a $771/mo obligation. Total monthly income equals $1,920/mo, and annual cash flow totals $4,527/yr on $52,211 invested. Return on cash invested prints 28.58% in year one, and rental yield reads 14.63% against a $157,500 entry. Equity gained on principal adds $1,016/yr, while 5% annual appreciation compiles into $43,514 by year five. Five-year ROI reaches 154.14% and total cumulative return in cash sums $80,481. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,920/mo property income covering a $771/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
$420 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: Noreen M Lynch • Crossroads Realty Inc-WH
Mls Name: MoreMLS
Mls Provider:
Mls ID: #22521674
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