1222 W 3Rd St, Plainfield, NJ, 07063 | $41/mo Cash Flow

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1222 W 3Rd St, Plainfield, NJ, 07063 | $41/mo Cash Flow | Ziffy

For Sale

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 Plainfield at 1222 W 3Rd St, Plainfield, NJ, 07063 generates $3,960/mo in rent and, after a $2,691/mo payment, leaves $41/mo in cash flow. Total monthly income is $3,960/mo, and annual cash flow is $491/yr on $180,917 invested. Return on cash invested sits at 20.33% in year one, and rental yield is 8.64% on a $549,900 entry. Equity gained on principal adds $3,548/yr, while 5% annual appreciation builds toward $151,927 over five years. Five-year ROI reaches 106.31% and total cumulative return in cash sums $192,338. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,960/mo property income rather than buyer’s personal income.

Single Family

Built in 1921

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Low Taxes and Huge Lot. A rare combination of low property taxes ($6,601) and a massive 40x200 lot, providing exceptional value and space. Move right in and start living with significantly less monthly overhead! The home is NOT IN A FLOOD ZONE! Your Financial Advantage: Benefit from LESS EXPENSES and more money in your pocket thanks to the incredibly low property taxes. Features a WALK-OUT BASEMENT and a FINISHED ATTIC, providing maximum usable space. An inviting KITCHEN with an OPEN CONCEPT design. GRANITE COUNTERTOPS and NEW CUSTOM CABINETS. Wood Flooring throughout the 1st and 2nd floors a sign of quality and elegance. Solid Hardwood Interior Doors and Fresh Paint create a sophisticated. NEW Stainless-Steel Appliances are included. Worry-Free Foundation: Includes a French Drain and Sump Pump for a dry, protected basement. A nice-looking driveway offers convenient parking for 5 cars. Includes Laundry Hookup and railings. Potential for higher appreciation in a great neighborhood. Minutes from stores, restaurants, schools, gas station, train station, US Hwy 22.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07063, Plainfield, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,303 (100%)
Owner Occupied HU	2,581 (60.0%)
Renter Occupied HU	1,628 (37.8%)
Vacant Housing Units	94 ( 2.2%)
Median Home Value	$433,067
Average Home Value	$515,305