647 Route 45ManningtonNJ08079
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 Mannington at 647 Route 45, Mannington, NJ, 08079 earns $96/mo cash flow from $1,414/mo rent with a $905/mo payment. Total monthly income totals $1,414/mo, and annual cash flow totals $1,150/yr on $61,328 capital. ROI tracks 21.78% on current figures, and rental yield reads 9.17% at a $185,000 purchase. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 over five years. Five-year ROI reaches 114.14% and total cumulative return in cash sums $69,999. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,414/mo property income instead of your personal income.
Single Family
Built in 1965
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08079, Salem, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,126 (100%) |
| Owner Occupied HU | 2,600 (50.7%) |
| Renter Occupied HU | 1,885 (36.8%) |
| Vacant Housing Units | 641 (12.5%) |
| Median Home Value | $260,543 |
| Average Home Value | $350,401 |
Housing Distribution
Address Breakdown
Residential
4,262
Single Family
4,090
Multi-Family
172
Businesses
308
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Nearby investment properties with comparable prices
Listed by: Andrew Ware • Real Broker, LLC
Mls Name: Bright MLS
Mls ID: #NJSA2016786