345 N 8th AveManvilleNJ08835
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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
Rental property for sale in Manville at 345 N 8th Ave, Manville, NJ, 08835 generates $4,312/mo in rent and, after a $2,344/mo payment, leaves $898/mo in cash flow. Total monthly income is $4,312/mo, and annual cash flow is $10,779/yr on $158,789 invested. Return on cash invested sits at 26.7% in year one, and rental yield is 10.8% on a $479,000 entry. Equity gained on principal adds $3,091/yr, while 5% annual appreciation builds toward $132,339 over five years. Five-year ROI reaches 140.49% and total cumulative return in cash sums $223,083. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,312/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
7,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08835, Manville, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,261 (100%) |
| Owner Occupied HU | 2,645 (62.1%) |
| Renter Occupied HU | 1,464 (34.4%) |
| Vacant Housing Units | 152 ( 3.6%) |
| Median Home Value | $375,361 |
| Average Home Value | $389,065 |
Housing Distribution
Address Breakdown
Residential
3,997
Single Family
3,981
Multi-Family
16
Businesses
263
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Listed by: Vicky Bastidas • Lim Bances Realty
Mls Name: GSMLS
Mls ID: #3974367