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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Carteret at 181 Pershing Ave, Carteret, NJ, 07008 offers $2,801/mo rent that, after a $3,230/mo payment. Total monthly income is $2,801/mo. Return on cash invested measures 9.54% in year one, and rental yield stands at 5.09% at a $660,000 entry. Equity gained on principal adds $4,259/yr while 5% annual appreciation compounds into $182,346 by year five. Five-year ROI records 48.46% and total cumulative return in cash reaches $105,225. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,801/mo property income versus a $3,230/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1917
5,001 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07008, Carteret, NJ area.
| 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 |
Residential
8,461
Single Family
7,785
Multi-Family
676
Businesses
429
Date | Event | Price |
|---|---|---|
| 2025-02-07 | Listed for sale | $660,000 |
| 2024-09-12 | Listing removed | $670,000 |
| 2024-08-12 | Listed for sale | $670,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-18 | $8575.72 | 2.64% | $269,000 | N/A |
| 2023-02-18 | $8355.14 | 2.85% | $269,000 | N/A |
| 2022-02-18 | $8123.80 | 1.07% | $269,000 | N/A |
Listed by: Natalia Ochs • MJ HOMES REALTY, LLC.
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2508972R
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. Copyright 2025, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC All rights reserved The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting.
