63 Tennyson 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 63 Tennyson St, Carteret, NJ, 07008 uses $171,080 cash to close to unlock $3,668/yr annual cash flow and $306/mo monthly cash flow. Total monthly income runs $4,012/mo, and a $2,545/mo payment keeps the spread at $306/mo. Purchase price stands at $520,000, and rental yield measures 9.26% with $4,012/mo rent. Return on cash invested shows 22.2% in year one, and 5% annual appreciation builds toward $143,666 over five years. Five-year ROI reaches 116.36% and total cumulative return in cash records $199,067. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,012/mo property income covering a $2,545/mo payment rather than investor’s personal income.
Single Family
Built in 1959
6,730 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: RANDY CONCEPCION • EPIQUE INC
Mls Name: All Jersey MLS
Mls ID: #2609984R