1501 Roosevelt Ave #K-16CarteretNJ07008
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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
Rental property for sale in Carteret at 1501 Roosevelt Ave #K-16, Carteret, NJ, 07008 generates $881/mo in rent and, after a $529/mo payment, leaves $111/mo in cash flow. Total monthly income is $881/mo, and annual cash flow is $1,330/yr on $35,802 invested. Return on cash invested sits at 23.62% in year one, and rental yield is 9.79% on a $108,000 entry. Equity gained on principal adds $697/yr, while 5% annual appreciation builds toward $29,838 over five years. Five-year ROI reaches 124.04% and total cumulative return in cash sums $44,408. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $881/mo property income rather than buyer’s personal income.
Manufactured
Built in 2025
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: #11404171