2A Carteret AveCarteretNJ07008
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Nearby investment properties with comparable prices
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 2A Carteret Ave, Carteret, NJ, 07008 offers $1,318/mo rent that, after a $832/mo payment, leaves $107/mo cash flow. Total monthly income is $1,318/mo, and annual cash flow is $1,279/yr on $56,322 cash. Return on cash invested measures 22.18% in year one, and rental yield stands at 9.31% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 116.27% and total cumulative return in cash reaches $65,486. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,318/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A 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: Linda Williams • Keller Williams Realty - Moorestown
Mls Name: Bright MLS
Mls ID: #NJOC2037550