663 Carteret StElizabethNJ07202
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 Elizabeth at 663 Carteret St, Elizabeth, NJ, 07202 priced at $375,000 pairs $3,482/mo rent with $810/mo cash flow after a $1,835/mo payment. Total monthly income equals $3,482/mo, and annual cash flow comes to $9,714/yr on $124,313 invested. Return on cash invested is 27.72% in year one, and rental yield stands at 11.14% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 146% and total cumulative return in cash reaches $181,491. For financing, Ziffy Mortgage’s DSCR program evaluates $3,482/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1952
3,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07202, Elizabeth, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,497 (100%) |
| Owner Occupied HU | 3,622 (23.4%) |
| Renter Occupied HU | 11,281 (72.8%) |
| Vacant Housing Units | 594 ( 3.8%) |
| Median Home Value | $469,694 |
| Average Home Value | $508,231 |
Housing Distribution
Address Breakdown
Residential
14,461
Single Family
8,810
Multi-Family
5,651
Businesses
802
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Listed by: ROBERT DEKANSKI • RE/MAX 1st ADVANTAGE
Mls Name: All Jersey MLS
Mls ID: #2602465R