490B New Castle CourtManchesterNJ08759
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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 at 490B New Castle Court, Manchester, NJ, 08759 priced at $263,000 pairs $2,790/mo rent with $916/mo cash flow after a $1,287/mo payment. Total monthly income equals $2,790/mo, and annual cash flow comes to $10,988/yr on $87,185 invested. Return on cash invested is 32.51% in year one, and rental yield stands at 12.73% on a $263,000 basis. Equity gained on principal adds $1,697/yr, and 5% annual appreciation accumulates to $72,662 by year five. Five-year ROI measures 171.68% and total cumulative return in cash reaches $149,675. For financing, Ziffy Mortgage’s DSCR program evaluates $2,790/mo property income against a $1,287/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1977
9,147 sqft 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: Kyran Libot • Weichert Realtors-Forked River
Mls Name: MOMLS
Mls ID: #22524216