Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 29 Spruce St, Carteret, NJ, 07008 priced at $399,000 converts $3,421/mo rent into $577/mo cash flow after a $1,953/mo obligation. Total monthly income equals $3,421/mo, and annual cash flow totals $6,923/yr on $132,269 invested. Return on cash invested prints 25.14% in year one, and rental yield reads 10.29% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 132.14% and total cumulative return in cash sums $174,782. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,421/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1955
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 |
|---|---|---|
| 2003-11-17 | Sold | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-20 | $6994.47 | 2.64% | $219,400 | N/A |
| 2023-03-20 | $6814.56 | 2.85% | $219,400 | N/A |
| 2022-03-20 | $6625.88 | 1.07% | $219,400 | N/A |
Listed by: Marcie Borke • RE/MAX COMPETITIVE EDGE
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2510617R
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.
