3 Manchester Ct #140WayneNJ07470
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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 Wayne at 3 Manchester Ct #140, Wayne, NJ, 07470 uses $97,658 cash to close to unlock $1,381/yr annual cash flow and $115/mo monthly cash flow. Total monthly income runs $2,581/mo, and a $1,442/mo payment keeps the spread at $115/mo. Purchase price stands at $294,595, and rental yield measures 10.51% with $2,581/mo rent. Return on cash invested shows 21.32% in year one, and 5% annual appreciation builds toward $81,391 over five years. Five-year ROI reaches 113.34% and total cumulative return in cash records $110,683. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,581/mo property income covering a $1,442/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$366 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07470, Wayne, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,128 (100%) |
| Owner Occupied HU | 14,851 (77.6%) |
| Renter Occupied HU | 3,702 (19.4%) |
| Vacant Housing Units | 575 ( 3.0%) |
| Median Home Value | $626,892 |
| Average Home Value | $645,853 |
Housing Distribution
Address Breakdown
Residential
19,226
Single Family
17,362
Multi-Family
1,864
Businesses
1,742
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Listed by: Lauren Turano • Coldwell Banker, Wayne
Mls Name: NJMLS
Mls Provider:
Mls ID: #24031784
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2024-10-16 22:23:34 PDT Source: New Jersey Multiple Listing, Inc. 2024 New Jersey Multiple Listing Service Inc. All rights reserved.