5 Geoffrey 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 5 Geoffrey Court, Manchester, NJ, 08759 priced at $537,000 converts $3,283/mo rent into after a $2,628/mo obligation. Total monthly income equals $3,283/mo. Return on cash invested prints 16.36% in year one, and rental yield reads 7.34% against a $537,000 entry. Equity gained on principal adds $3,465/yr, while 5% annual appreciation compiles into $148,363 by year five. Five-year ROI reaches 85.04% and total cumulative return in cash sums $150,236. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,283/mo property income covering a $2,628/mo payment, not borrower’s personal income.
Single Family
Built in 1997
5,662 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: Elaine McGovern-O'Connell • Weichert Realtors-Freehold
Mls Name: MoreMLS
Mls ID: #22534561