140 Whitman 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
Investment property for sale in Carteret at 140 Whitman St, Carteret, NJ, 07008 with 5% annual appreciation on a $479,900 basis while $3,743/mo rent supports operations. Total monthly income totals $3,743/mo and a $2,349/mo payment preserves $322/mo for cash returns. Annual cash flow comes to $3,867/yr on $159,087 deployed, and return on cash invested reaches 22.34% in year one. Equity gained on principal adds $3,097/yr, and five-year appreciation sums $132,588 alongside rental yield of 9.36%. Five-year ROI measures 117.13% and total cumulative return in cash totals $186,333.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,743/mo property income versus a $2,349/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1959
5,580 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: DEBORAH ACOSTA • RE/MAX EXCEPTIONAL REALTY
Mls Name: All Jersey MLS
Mls ID: #2660665M