37 Patrick StCarteretNJ07008
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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 Carteret at 37 Patrick St, Carteret, NJ, 07008 offers a 7.01% rental yield on a $579,900 purchase with $3,388/mo rent. 37% in year one. Equity gained on principal adds $3,742/yr while 5% annual appreciation supports $160,216 over five years. Portfolio math shows five-year ROI at 79.72% and total cumulative return in cash at $152,101. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,388/mo property income against a $2,838/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
5,580 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: EUGENE HIGGINS • RE/MAX 1st ADVANTAGE
Mls Name: All Jersey MLS
Mls ID: #2610317R