6 Ironside Drive #BManchester TownshipNJ08759
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
Rental property for sale in Manchester Township at 6 Ironside Drive #B, Manchester Township, NJ, 08759 priced at $114,500 converts $1,189/mo rent into $64/mo cash flow after a $560/mo obligation. Total monthly income equals $1,189/mo, and annual cash flow totals $771/yr on $37,957 invested. Return on cash invested prints 21.94% in year one, and rental yield reads 12.46% against a $114,500 entry. Equity gained on principal adds $739/yr, while 5% annual appreciation compiles into $31,634 by year five. Five-year ROI reaches 118.61% and total cumulative return in cash sums $45,020. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,189/mo property income covering a $560/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
$309 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amelia Bruszewski • Weichert Realtors-Toms River
Mls Name: MOMLS
Mls Provider:
Mls ID: #22522723
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.