18 Manitoba TrlShamongNJ08088
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 Shamong at 18 Manitoba Trl, Shamong, NJ, 08088 generates $3,930/mo in rent and, after a $2,202/mo payment, leaves $723/mo in cash flow. Total monthly income is $3,930/mo, and annual cash flow is $8,679/yr on $149,142 invested. Return on cash invested sits at 25.73% in year one, and rental yield is 10.48% on a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 135.3% and total cumulative return in cash sums $201,790. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,930/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08088, Vincentown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,034 (100%) |
| Owner Occupied HU | 8,885 (88.5%) |
| Renter Occupied HU | 650 ( 6.5%) |
| Vacant Housing Units | 499 ( 5.0%) |
| Median Home Value | $415,640 |
| Average Home Value | $445,363 |
Housing Distribution
Address Breakdown
Residential
9,871
Single Family
9,845
Multi-Family
26
Businesses
445
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Listed by: Dave Beach • RE/MAX Community-Williamstown
Mls Name: Bright MLS
Mls ID: #NJBL2096802