20 Addlestone 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
Rental property for sale in Manchester at 20 Addlestone Lane, Manchester, NJ, 08759 priced at $629,900 converts $3,173/mo rent into after a $3,083/mo obligation. Total monthly income equals $3,173/mo. Return on cash invested prints 10.09% in year one, and rental yield reads 6.04% against a $629,900 entry. Equity gained on principal adds $4,065/yr, while 5% annual appreciation compiles into $174,030 by year five. Five-year ROI reaches 52.26% and total cumulative return in cash sums $108,303. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,173/mo property income covering a $3,083/mo payment, not borrower’s personal income.
Single Family
Built in 2018
6,534 sqft lot
$N/A/sqft
$405 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: Michele M Keleman • RE/MAX 1st. Advantage
Mls Name: MOMLS
Mls Provider:
Mls ID: #22518109
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.