3 Jessie StCarteretNJ07008
Nearby investment properties with comparable rents
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 3 Jessie St, Carteret, NJ, 07008 offers $3,421/mo rent that, after a $2,325/mo payment, leaves $35/mo cash flow. Total monthly income is $3,421/mo, and annual cash flow is $422/yr on $157,463 cash. Return on cash invested measures 20.18% in year one, and rental yield stands at 8.64% at a $475,000 entry. Equity gained on principal adds $3,065/yr while 5% annual appreciation compounds into $131,234 by year five. Five-year ROI records 105.54% and total cumulative return in cash reaches $166,183. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,421/mo property income versus a $2,325/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
5,318 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: GABRIELLE SMITH • J.J. ELEK REALTY CO.
Mls Name: All Jersey MLS
Mls ID: #2607049R