12 Edwin StCarteretNJ07008
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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 Carteret at 12 Edwin St, Carteret, NJ, 07008 priced at $514,900 converts $3,751/mo rent into $81/mo cash flow after a $2,520/mo obligation. Total monthly income equals $3,751/mo, and annual cash flow totals $973/yr on $169,402 invested. Return on cash invested prints 20.63% in year one, and rental yield reads 8.74% against a $514,900 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation compiles into $142,257 by year five. Five-year ROI reaches 107.96% and total cumulative return in cash sums $182,886. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,751/mo property income covering a $2,520/mo payment, not borrower’s personal income.
Single Family
Built in 2009
1,495 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07008, Carteret, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,461
Single Family
7,785
Multi-Family
676
Businesses
429
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Listed by: NICHOLAS J. GAGIS • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls ID: #2607627R