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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 Union at 1238 Carlton Ter, Union, NJ, 07083 priced at $569,000 converts $4,237/mo rent into $181/mo cash flow after a $2,785/mo obligation. Total monthly income equals $4,237/mo, and annual cash flow totals $2,175/yr on $187,201 invested. Return on cash invested prints 21.22% in year one, and rental yield reads 8.94% against a $569,000 entry. Equity gained on principal adds $3,672/yr, while 5% annual appreciation compiles into $157,204 by year five. Five-year ROI reaches 111.11% and total cumulative return in cash sums $207,995. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,237/mo property income covering a $2,785/mo payment, not borrower’s personal income.
Single Family
Built in 1952
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07083, Union, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,858 (100%) |
| Owner Occupied HU | 14,421 (66.0%) |
| Renter Occupied HU | 6,528 (29.9%) |
| Vacant Housing Units | 909 ( 4.2%) |
| Median Home Value | $481,353 |
| Average Home Value | $534,432 |
Residential
20,999
Single Family
18,269
Multi-Family
2,730
Businesses
2,244
Date | Event | Price |
|---|---|---|
| 2025-01-23 | Listed for sale | $569,000 |
| 1998-10-07 | Sold | $163,500 |
| 1998-01-30 | Sold | $110,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-01-28 | $10080.30 | 3.15% | $45,100 | N/A |
| 2023-01-28 | $9772.72 | 3.60% | $45,100 | N/A |
| 2022-01-28 | $9433.12 | 2.48% | $45,100 | N/A |
Listed by: Steven Kilian • Melrose Realty, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3942242
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
