116 Sumner AvePlainfieldNJ07062
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
Investment property for sale in Plainfield at 116 Sumner Ave, Plainfield, NJ, 07062 listed at $524,900 pairs $4,752/mo rent with a $2,569/mo payment to leave $1,011/mo cash flow. Total monthly income runs $4,752/mo, and annual cash flow reaches $12,129/yr on $172,692 cash to close. Return on cash invested measures 27.08% in year one, and rental yield registers 10.86% at a $524,900 basis. Equity gained on principal adds $3,387/yr, and annual property appreciation at 5% supports $145,020 by year five. Five-year ROI tracks 142.52% and total cumulative return in cash totals $246,121. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,752/mo property income relative to a $2,569/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1916
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07062, Plainfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,331 (100%) |
| Owner Occupied HU | 2,813 (52.8%) |
| Renter Occupied HU | 2,167 (40.6%) |
| Vacant Housing Units | 351 ( 6.6%) |
| Median Home Value | $449,784 |
| Average Home Value | $543,400 |
Housing Distribution
Address Breakdown
Residential
5,276
Single Family
4,476
Multi-Family
800
Businesses
221
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Aron Cooper • Keller Williams Integrity
Mls Name: GSMLS
Mls ID: #3978852