16 Carteret AvenueSeaside HeightsNJ08751
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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 Seaside Heights at 16 Carteret Avenue, Seaside Heights, NJ, 08751 offers a 2.17% rental yield on a $1,600,000 purchase with $2,887/mo rent. 65% in year one. Equity gained on principal adds $10,325/yr while 5% annual appreciation supports $442,051 over five years. Portfolio math shows five-year ROI at 0.75% and total cumulative return in cash at $3,879. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,887/mo property income against a $7,831/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 08751, Seaside Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,631 (100%) |
| Owner Occupied HU | 1,002 (17.8%) |
| Renter Occupied HU | 959 (17.0%) |
| Vacant Housing Units | 3,670 (65.2%) |
| Median Home Value | $647,028 |
| Average Home Value | $715,484 |
Housing Distribution
Address Breakdown
Residential
2,023
Single Family
1,993
Multi-Family
30
Businesses
200
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Listed by: Candace Golembeski • RE/MAX Revolution
Mls Name: MoreMLS
Mls ID: #22531355