26 Fillmore AvenueCarteretNJ07008
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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 26 Fillmore Avenue, Carteret, NJ, 07008 offers $4,060/mo rent that, after a $3,617/mo payment. Total monthly income is $4,060/mo. Return on cash invested measures 14.1% in year one, and rental yield stands at 6.59% at a $739,000 entry. Equity gained on principal adds $4,769/yr while 5% annual appreciation compounds into $204,172 by year five. Five-year ROI records 72.9% and total cumulative return in cash reaches $177,248. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,060/mo property income versus a $3,617/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
7,405 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: Manuel Dominguez • RE/MAX Synergy
Mls Name: MoreMLS
Mls ID: #22602457