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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Plainfield at 1038 Sherman Ave, Plainfield, NJ, 07060 listed at $549,000 pairs $3,616/mo rent with a $2,687/mo payment. Total monthly income runs $3,616/mo. Return on cash invested measures 18.09% in year one, and rental yield registers 7.9% at a $549,000 basis. Equity gained on principal adds $3,543/yr, and annual property appreciation at 5% supports $151,679 by year five. Five-year ROI tracks 94.27% and total cumulative return in cash totals $170,276. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,616/mo property income relative to a $2,687/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1922
6,298 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07060, Plainfield, NJ area.
| 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 |
Residential
14,977
Single Family
11,780
Multi-Family
3,197
Businesses
1,199
Date | Event | Price |
|---|---|---|
| 2025-05-31 | Listed for sale | $549,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Magdy Rizk • Prestige Property Group Montclair
Mls Name: GSMLS
Mls Provider:
Mls ID: #3966383
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
