4 Minnesota AveManchester 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
Rental property for sale in Manchester Township at 4 Minnesota Ave, Manchester Township, NJ, 08759 priced at $200,000 pairs $1,415/mo rent with after a $979/mo payment. Total monthly income equals $1,415/mo. Return on cash invested is 19.72% in year one, and rental yield stands at 8.49% on a $200,000 basis. Equity gained on principal adds $1,291/yr, and 5% annual appreciation accumulates to $55,256 by year five. Five-year ROI measures 103.11% and total cumulative return in cash reaches $68,360. For financing, Ziffy Mortgage’s DSCR program evaluates $1,415/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1976
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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Listed by: Michelle Garey • Weichert Realtors-Medford
Mls Name: Bright MLS
Mls ID: #NJOC2037006