6 Elmwood 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
Investment property for sale in Carteret at 6 Elmwood Ave, Carteret, NJ, 07008 at $449,000 posts ROI 21.69% with $221/mo cash flow from $3,422/mo rent. Total monthly income equals $3,422/mo, and annual cash flow records $2,655/yr on $148,844 to close. Return on cash invested measures 21.69% and rental yield reads 9.15% at the current $449,000. Equity gained on principal adds $2,897/yr, and 5% annual appreciation supports $124,050 by year five. Five-year ROI prints 113.66% and total cumulative return in cash totals $169,180.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,422/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1951
5,000 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: ROBERT J. DURSO • RE/MAX SELECT
Mls Name: All Jersey MLS
Mls ID: #2606373R