42 Pulaski AveCarteretNJ07008
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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
Rental property for sale in Carteret at 42 Pulaski Ave, Carteret, NJ, 07008 priced at $635,000 converts $3,089/mo rent into after a $3,108/mo obligation. Total monthly income equals $3,089/mo. Return on cash invested prints 11.81% in year one, and rental yield reads 5.84% against a $635,000 entry. Equity gained on principal adds $4,098/yr, while 5% annual appreciation compiles into $175,439 by year five. Five-year ROI reaches 60.59% and total cumulative return in cash sums $126,584. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,089/mo property income covering a $3,108/mo payment, not borrower’s personal income.
Multi Family
Built in 1917
3,798 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: JULIO C. VALDEZ • UNITED R.E. OF NORTH JERSEY
Mls Name: All Jersey MLS
Mls ID: #2606341R