23 Leick AveCarteretNJ07008
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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 23 Leick Ave, Carteret, NJ, 07008 priced at $699,000 pairs $3,395/mo rent with after a $3,421/mo payment. Total monthly income equals $3,395/mo. Return on cash invested is 11.78% in year one, and rental yield stands at 5.83% on a $699,000 basis. Equity gained on principal adds $4,511/yr, and 5% annual appreciation accumulates to $193,121 by year five. Five-year ROI measures 60.45% and total cumulative return in cash reaches $139,010. For financing, Ziffy Mortgage’s DSCR program evaluates $3,395/mo property income against a $3,421/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1921
5,000 sqft 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: RAVEN LOBOA • LIFESTYLE INTERNATIONAL REALTY
Mls Name: All Jersey MLS
Mls ID: #2606803R