453 Chesterfield Court UNIT CManchesterNJ08759
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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 453 Chesterfield Court UNIT C, Manchester, NJ, 08759 uses $72,897 cash to close to unlock $8,351/yr annual cash flow and $696/mo monthly cash flow. Total monthly income runs $2,569/mo, and a $1,076/mo payment keeps the spread at $696/mo. Purchase price stands at $219,900, and rental yield measures 14.02% with $2,569/mo rent. Return on cash invested shows 31.36% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 167.32% and total cumulative return in cash records $121,972. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,569/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1977
4,791 sqft lot
$N/A/sqft
$306 monthly 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: Thomas Ballerini • Long & Foster Real Estate, Inc
Mls Name: MOMLS
Mls Provider:
Mls ID: #22418111
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.