3 Manchester Ct UNIT 3WayneNJ07470
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 UNIT 3, Wayne, NJ, 07470 at $294,595 posts ROI 21.32% with $115/mo cash flow from $2,581/mo rent. Total monthly income equals $2,581/mo, and annual cash flow records $1,381/yr on $97,658 to close. Return on cash invested measures 21.32% and rental yield reads 10.51% at the current $294,595. Equity gained on principal adds $1,901/yr, and 5% annual appreciation supports $81,391 by year five. Five-year ROI prints 113.34% and total cumulative return in cash totals $110,683.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,581/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1968
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 Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3927182
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