128 Pershing AveCarteretNJ07008
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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
Investment property for sale in Carteret at 128 Pershing Ave, Carteret, NJ, 07008 earns from $3,515/mo rent with a $2,936/mo payment. Total monthly income totals $3,515/mo. ROI tracks 15.43% on current figures, and rental yield reads 7.03% at a $599,900 purchase. Equity gained on principal adds $3,871/yr, and 5% annual appreciation supports $165,741 over five years. Five-year ROI reaches 80.07% and total cumulative return in cash sums $158,032. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,515/mo property income instead of your personal income.
Multi Family
Built in 1929
5,000 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: CHRISTOPHER RYAN • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls ID: #2607755R