1205 S 10Th St, South Plainfield, NJ, 07080 | $18/mo Cash Flow

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1205 S 10Th St, South Plainfield, NJ, 07080 | $18/mo Cash Flow | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in South Plainfield at 1205 S 10Th St, South Plainfield, NJ, 07080 generates $3,760/mo in rent and, after a $2,570/mo payment, leaves $18/mo in cash flow. Total monthly income is $3,760/mo, and annual cash flow is $210/yr on $172,725 invested. Return on cash invested sits at 20.18% in year one, and rental yield is 8.59% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 105.53% and total cumulative return in cash sums $182,277. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,760/mo property income rather than buyer’s personal income.

Single Family

Built in 1956

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

Come plant some roots in South Plainfield! This wonderful 3 bedroom ranch has enjoyed a long and happy life of 63 years and is ready for its next happy chapter to be written. 1205 S10th St has been lovingly cared for and is ready for you to bring a fresh eye for design and make it your own. Approaching the handsome house, you'll see the pride of ownership as it sits proudly on the corner of S 10th and McDonough, a highly desirable, quiet neighborhood. Upon entering the front foyer, you're immediately taken with the sunny atmosphere, literally and figuratively. Bedrooms to the right and a full bath down the hall, you'll head left into the L shaped living and dining rooms, leading you to the kitchen with stainless steel appliances. The hardwood floors throughout the house have been protected by carpet for years, so you simply need to refinish the floors and they'll gleam once again! There is a cozy den one step down from the dining room, offering a perfect place for friends and Friday night movies. The high ceilinged and dry as a bone full basement offers a myriad of design opportunities to explore. Whether you'd like to add a level or simply refresh the current space, this is a lovely home to love and grow in! A great, centrally located community providing easy commuting to NYC and the South Plainfield school system is highly regarded.Roof is 8 years old. Property NOT In flood zone. No known issues and being sold strictly AS IS.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07080, South Plainfield, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,674 (100%)
Owner Occupied HU	6,720 (77.5%)
Renter Occupied HU	1,564 (18.0%)
Vacant Housing Units	390 ( 4.5%)
Median Home Value	$486,077
Average Home Value	$542,541