124 Conklin St, South Plainfield, NJ, 07080 | $200/mo Cash Flow

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124 Conklin St, South Plainfield, NJ, 07080 | $200/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

Investment property for sale in South Plainfield at 124 Conklin St, South Plainfield, NJ, 07080 listed at $519,000 pairs $3,899/mo rent with a $2,540/mo payment to leave $200/mo cash flow. Total monthly income runs $3,899/mo, and annual cash flow reaches $2,399/yr on $170,751 cash to close. Return on cash invested measures 21.47% in year one, and rental yield registers 9.02% at a $519,000 basis. Equity gained on principal adds $3,349/yr, and annual property appreciation at 5% supports $143,390 by year five. Five-year ROI tracks 112.39% and total cumulative return in cash totals $191,901. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,899/mo property income relative to a $2,540/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1954

6,599 sqft lot

$N/A/sqft

No HOA

More details about the property

Recently renovated Cape Cod Style home located on a quiet side street, but close to everything. This home not only has 1 new kitchen but 2 new kitchens, upstairs your main kitchen with a breakfast bar and in the finished basement you have a 2nd township approved kitchen (a bakers dream). The list of recent improvements 2 kitchens, new bath, new floors, hot water heater, central air, heat, finished basement and so much more. Come see the house you have been waiting for.

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