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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 North Plainfield at 120 Myrtle Ave, North Plainfield, NJ, 07060 with 5% annual appreciation on a $489,000 basis while $4,135/mo rent supports operations. Total monthly income totals $4,135/mo and a $2,393/mo payment preserves $650/mo for cash returns. Annual cash flow comes to $7,799/yr on $162,104 deployed, and return on cash invested reaches 24.72% in year one. Equity gained on principal adds $3,155/yr, and five-year appreciation sums $135,102 alongside rental yield of 10.15%. Five-year ROI measures 129.87% and total cumulative return in cash totals $210,526.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,135/mo property income versus a $2,393/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1939
0.26 Acres 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Shari Kopla • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3980522
