8 Johnson 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 8 Johnson St, Carteret, NJ, 07008 at $499,000 posts ROI 18.12% with from $3,310/mo rent. Total monthly income equals $3,310/mo. Return on cash invested measures 18.12% and rental yield reads 7.96% at the current $499,000. Equity gained on principal adds $3,220/yr, and 5% annual appreciation supports $137,865 by year five. Five-year ROI prints 94.49% and total cumulative return in cash totals $156,306. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,310/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
6,298 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: PETER BOUTROS • EXP REALTY, LLC
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2609494R
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