6B Spring StManchester 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
Rental property for sale in Manchester Township at 6B Spring St, Manchester Township, NJ, 08759 generates $1,506/mo in rent and, after a $925/mo payment, leaves $159/mo in cash flow. Total monthly income is $1,506/mo, and annual cash flow is $1,907/yr on $62,654 invested. Return on cash invested sits at 22.95% in year one, and rental yield is 9.56% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 120.39% and total cumulative return in cash sums $75,430. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,506/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
999 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: Edward Gelley • Weichert Realtors - Home City
Mls Name: GSMLS
Mls Provider:
Mls ID: #3939368
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