1501 Roosevelt Ave #J13CarteretNJ07008
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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 1501 Roosevelt Ave #J13, Carteret, NJ, 07008 uses $37,128 cash to close to unlock $850/yr annual cash flow and $71/mo monthly cash flow. Total monthly income runs $869/mo, and a $548/mo payment keeps the spread at $71/mo. Purchase price stands at $112,000, and rental yield measures 9.31% with $869/mo rent. Return on cash invested shows 22.2% in year one, and 5% annual appreciation builds toward $30,944 over five years. Five-year ROI reaches 116.33% and total cumulative return in cash records $43,191. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $869/mo property income covering a $548/mo payment rather than investor’s personal income.
Manufactured
Built in 2026
N/A 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: Maria Dolan • Edison Mobile Estates
Mls Name: My State MLS
Mls ID: #11603256