78 Bernard 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 78 Bernard St, Carteret, NJ, 07008 uses $149,175 cash to close to unlock $5,400/yr annual cash flow and $450/mo monthly cash flow. Total monthly income runs $3,658/mo, and a $2,203/mo payment keeps the spread at $450/mo. Purchase price stands at $450,000, and rental yield measures 9.75% with $3,658/mo rent. Return on cash invested shows 23.53% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 123.48% and total cumulative return in cash records $184,206. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,658/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Single Family
Built in 1947
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: Sandeep Singh • BH HOMESERVICES FOX & ROACH
Mls Name: All Jersey MLS
Mls ID: #2600206R