14 Spoganetz 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
Total monthly income runs $3,854/mo, and a $3,230/mo payment. Purchase price stands at $659,900, and rental yield measures 7.01% with $3,854/mo rent. Return on cash invested shows 15.36% in year one, and 5% annual appreciation builds toward $182,318 over five years. Five-year ROI reaches 79.69% and total cumulative return in cash records $173,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,854/mo property income covering a $3,230/mo payment rather than investor’s personal income.
Single Family
Built in 1961
6,298 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: LINDA DIMARTINO • CHRISTIES INTERNATIONAL RE GRP
Mls Name: All Jersey MLS
Mls ID: #2605205R