1501 Roosevelt Ave UNIT M11CarteretNJ07008
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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 UNIT M11, Carteret, NJ, 07008 offers a 24.04% rental yield on a $134,400 purchase with $2,692/mo rent. Total monthly income registers $2,692/mo, and a $658/mo payment leaves $1,734/mo available for distribution. Annual cash flow reaches $20,806/yr on $44,554 to close, and return on cash invested stands at 66.61% in year one. Equity gained on principal adds $867/yr while 5% annual appreciation supports $37,132 over five years. Portfolio math shows five-year ROI at 354.51% and total cumulative return in cash at $157,948. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,692/mo property income against a $658/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1965
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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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