27 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 27 Leick Ave, Carteret, NJ, 07008 offers $3,538/mo rent that, after a $2,814/mo payment. Total monthly income is $3,538/mo. Return on cash invested measures 16.51% in year one, and rental yield stands at 7.38% at a $575,000 entry. Equity gained on principal adds $3,710/yr while 5% annual appreciation compounds into $158,862 by year five. Five-year ROI records 85.81% and total cumulative return in cash reaches $162,323. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,538/mo property income versus a $2,814/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1920
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: JULIO C. VALDEZ • UNITED R.E. OF NORTH JERSEY
Mls Name: All Jersey MLS
Mls ID: #2608507R