24A Sunset RoadManchester 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
Investment property for sale in Manchester Township at 24A Sunset Road, Manchester Township, NJ, 08759 uses $83,870 cash to close to unlock $7,296/yr annual cash flow and $608/mo monthly cash flow. Total monthly income runs $2,578/mo, and a $1,238/mo payment keeps the spread at $608/mo. Purchase price stands at $253,000, and rental yield measures 12.23% with $2,578/mo rent. Return on cash invested shows 28.61% in year one, and 5% annual appreciation builds toward $69,899 over five years. Five-year ROI reaches 151.57% and total cumulative return in cash records $127,120. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,578/mo property income covering a $1,238/mo payment rather than investor’s personal income.
Multi Family
Built in 1978
4,791 sqft lot
$N/A/sqft
$167 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: Barbara A Opp • Weichert Realtors-Toms River
Mls Name: MOMLS
Mls Provider:
Mls ID: #22434290
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