59 Hastings RoadManchesterNJ08759
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 59 Hastings Road, Manchester, NJ, 08759 with 5% annual appreciation on a $409,000 basis while $3,167/mo rent supports operations. Total monthly income totals $3,167/mo and a $2,002/mo payment preserves $252/mo for cash returns. Annual cash flow comes to $3,019/yr on $135,584 deployed, and return on cash invested reaches 22.14% in year one. Equity gained on principal adds $2,639/yr, and five-year appreciation sums $112,999 alongside rental yield of 9.29%. Five-year ROI measures 116.02% and total cumulative return in cash totals $157,305.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,167/mo property income versus a $2,002/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1986
7,360 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Janice Cummiskey • Better Homes and Gardens Real Estate Murphy & Co
Mls Name: MoreMLS
Mls ID: #22527889