29B Gramercy LnManchesterNJ08759
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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 at 29B Gramercy Ln, Manchester, NJ, 08759 with 5% annual appreciation on a $259,800 basis while $2,725/mo rent supports operations. Total monthly income totals $2,725/mo and a $1,272/mo payment preserves $873/mo for cash returns. Annual cash flow comes to $10,473/yr on $86,124 deployed, and return on cash invested reaches 32.07% in year one. Equity gained on principal adds $1,676/yr, and five-year appreciation sums $71,778 alongside rental yield of 12.59%. Five-year ROI measures 169.28% and total cumulative return in cash totals $145,791.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,725/mo property income versus a $1,272/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1973
N/A lot
$N/A/sqft
No 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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