22 Old Kings HwyManningtonNJ08079
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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 Mannington at 22 Old Kings Hwy, Mannington, NJ, 08079 uses $71,273 cash to close to unlock $4,678/yr annual cash flow and $390/mo monthly cash flow. Total monthly income runs $1,922/mo, and a $1,052/mo payment keeps the spread at $390/mo. Purchase price stands at $215,000, and rental yield measures 10.73% with $1,922/mo rent. Return on cash invested shows 26.47% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 139.28% and total cumulative return in cash records $99,265. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,922/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08079, Salem, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,126 (100%) |
| Owner Occupied HU | 2,600 (50.7%) |
| Renter Occupied HU | 1,885 (36.8%) |
| Vacant Housing Units | 641 (12.5%) |
| Median Home Value | $260,543 |
| Average Home Value | $350,401 |
Housing Distribution
Address Breakdown
Residential
4,262
Single Family
4,090
Multi-Family
172
Businesses
308
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Listed by: Stephanie Schwab • Real Broker, LLC
Mls Name: Bright MLS
Mls ID: #NJSA2017570