1501 Roosevelt Ave UNIT A-6CarteretNJ07008
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 UNIT A-6, Carteret, NJ, 07008 listed at $125,000 pairs $983/mo rent with a $612/mo payment to leave $92/mo cash flow. Total monthly income runs $983/mo, and annual cash flow reaches $1,102/yr on $41,438 cash to close. Return on cash invested measures 22.57% in year one, and rental yield registers 9.44% at a $125,000 basis. Equity gained on principal adds $807/yr, and annual property appreciation at 5% supports $34,535 by year five. Five-year ROI tracks 118.34% and total cumulative return in cash totals $49,037. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $983/mo property income relative to a $612/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2019
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maria Dolan • Edison Mobile Estates
Mls Name: My State MLS
Mls ID: #11561340