62 2nd StreetManchester TownshipNJ08759
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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 Township at 62 2nd Street, Manchester Township, NJ, 08759 with 5% annual appreciation on a $119,900 basis while $938/mo rent supports operations. Total monthly income totals $938/mo and a $587/mo payment preserves $83/mo for cash returns. Annual cash flow comes to $999/yr on $39,747 deployed, and return on cash invested reaches 22.42% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,126 alongside rental yield of 9.39%. Five-year ROI measures 117.65% and total cumulative return in cash totals $46,764.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $938/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in N/A
N/A 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: Georgina Cruz-Sandoval • Fathom Realty NJ
Mls Name: MoreMLS
Mls ID: #22527007