29 Carter AveNorth MiddletownNJ07748
Nearby investment properties with comparable rents
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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 North Middletown at 29 Carter Ave, North Middletown, NJ, 07748 earns $90/mo cash flow from $1,159/mo rent with a $734/mo payment. Total monthly income totals $1,159/mo, and annual cash flow totals $1,080/yr on $49,725 capital. ROI tracks 22.08% on current figures, and rental yield reads 9.27% at a $150,000 purchase. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 over five years. Five-year ROI reaches 115.73% and total cumulative return in cash sums $57,546. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,159/mo property income instead of your personal income.
Single Family
Built in 1933
5,310 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07748, Middletown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,569 (100%) |
| Owner Occupied HU | 8,539 (80.8%) |
| Renter Occupied HU | 1,624 (15.4%) |
| Vacant Housing Units | 406 ( 3.8%) |
| Median Home Value | $669,839 |
| Average Home Value | $691,050 |
Housing Distribution
Address Breakdown
Residential
10,267
Single Family
9,923
Multi-Family
344
Businesses
719
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Listed by: Luz A Vergara • Premier Homes
Mls Name: GSMLS
Mls ID: #3988125