814 Route 45, Mannington, NJ, 08079 | $58/mo Cash Flow

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814 Route 45, Mannington, NJ, 08079 | $58/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Mannington at 814 Route 45, Mannington, NJ, 08079 listed at $295,000 pairs $2,161/mo rent with a $1,444/mo payment to leave $58/mo cash flow. Total monthly income runs $2,161/mo, and annual cash flow reaches $698/yr on $97,793 cash to close. Return on cash invested measures 20.62% in year one, and rental yield registers 8.79% at a $295,000 basis. Equity gained on principal adds $1,904/yr, and annual property appreciation at 5% supports $81,503 by year five. Five-year ROI tracks 107.95% and total cumulative return in cash totals $105,566. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,161/mo property income relative to a $1,444/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1966

0.66 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 814 Route 45a timeless 3-bedroom, 1-bath home nestled on a beautifully landscaped 0.66-acre lot in the heart of Mannington Salem County, NJ. The long driveway and manicured grounds offer a private, retreat-like feel from the moment you arrive. Step through the screened-in porch into a sunlit living room where updated windows frame sweeping views of open sky and a wood-burning fireplace anchors the space with warmth and charm. Throughout the main level, graceful arched doorways create a beautiful flow from room to room, adding a touch of vintage character thats hard to find in modern homes. The kitchen with Granite countertops provides backyard views and easy access to a dedicated dining roomperfect for everyday meals or entertaining. All appliances included. Upstairs, youll find three spacious bedrooms offer a distinctive layout that embraces the charm of classic Cape Cod architecture. Each bedroom features the nooks and sloped ceilings adding character and creating cozy retreat-like spaces. A full bath serves the upper level with functional comfort. Additional highlights include a full-height basement and attached garage offering plenty of storage. Outside, the expansive backyard features space to gather around the fire pit and soak in the peaceful setting. Modern conveniences meet classic style with a newer mini-split system for year-round comfort, efficient radiator heat, and a well-maintained septic system paired with great-tasting well waterno water bill here and new roof (2024)! Conveniently located near Routes 40, 55, and 295, this home offers easy access to travel, while local favorites like Cowtown Rodeo, farmers markets, and scenic drives keep weekends full of charm and exploration. Dont miss your chance to own this piece of peaceful countryside livingschedule your private tour today!

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