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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Carteret at 112 Hagaman St, Carteret, NJ, 07008 priced at $399,000 converts $2,740/mo rent into after a $1,953/mo obligation. Total monthly income equals $2,740/mo. Return on cash invested prints 18.96% in year one, and rental yield reads 8.24% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 99% and total cumulative return in cash sums $130,946. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,740/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1953
5,000 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07008, Carteret, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,034 (100%) |
| Owner Occupied HU | 4,593 (50.8%) |
| Renter Occupied HU | 3,878 (42.9%) |
| Vacant Housing Units | 563 ( 6.2%) |
| Median Home Value | $459,676 |
| Average Home Value | $516,332 |
Residential
8,461
Single Family
7,785
Multi-Family
676
Businesses
429
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: MICHELE FREEMAN • CENTURY 21 MAIN STREET REALTY
Mls Name: All Jersey MLS
Mls ID: #2604590R
