7 Drake St #53Manchester 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
Investment property for sale in Manchester Township at 7 Drake St #53, Manchester Township, NJ, 08759 at $257,500 posts ROI 21.1% with $85/mo cash flow from $1,920/mo rent. Total monthly income equals $1,920/mo, and annual cash flow records $1,019/yr on $85,361 to close. Return on cash invested measures 21.1% and rental yield reads 8.95% at the current $257,500. Equity gained on principal adds $1,662/yr, and 5% annual appreciation supports $71,143 by year five. Five-year ROI prints 110.47% and total cumulative return in cash totals $94,297.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,920/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1978
6,155 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: Joanne Portine • Coldwell Banker Flanagan Rlty - MAN
Mls Name: Bright MLS
Mls ID: #NJOC2037298