1219 W 3rd StPlainfieldNJ07060
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
Rental property for sale in Plainfield at 1219 W 3rd St, Plainfield, NJ, 07060 generates $3,889/mo in rent and, after a $2,070/mo payment, leaves $874/mo in cash flow. Total monthly income is $3,889/mo, and annual cash flow is $10,492/yr on $140,225 invested. Return on cash invested sits at 27.39% in year one, and rental yield is 11.03% on a $423,000 entry. Equity gained on principal adds $2,730/yr, while 5% annual appreciation builds toward $116,867 over five years. Five-year ROI reaches 144.22% and total cumulative return in cash sums $202,225. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,889/mo property income rather than buyer’s personal income.
Single Family
Built in 1921
3,049 sqft 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: James Santiago • Denval Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3935569
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