1019-23 Prospect AvePlainfieldNJ07060
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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
Rental property for sale in Plainfield at 1019-23 Prospect Ave, Plainfield, NJ, 07060 generates $5,604/mo in rent and, after a $3,084/mo payment, leaves $1,113/mo in cash flow. Total monthly income is $5,604/mo, and annual cash flow is $13,356/yr on $207,270 invested. Return on cash invested sits at 26.5% in year one, and rental yield is 10.67% on a $630,000 entry. Equity gained on principal adds $4,065/yr, while 5% annual appreciation builds toward $174,057 over five years. Five-year ROI reaches 139.41% and total cumulative return in cash sums $288,946. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,604/mo property income rather than buyer’s personal income.
Single Family
Built in 1921
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07060, Plainfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,601 (100%) |
| Owner Occupied HU | 6,224 (39.9%) |
| Renter Occupied HU | 8,742 (56.0%) |
| Vacant Housing Units | 635 ( 4.1%) |
| Median Home Value | $460,913 |
| Average Home Value | $523,674 |
Housing Distribution
Address Breakdown
Residential
14,977
Single Family
11,780
Multi-Family
3,197
Businesses
1,199
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Listed by: Teresa Gould • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3996463