125 Lafayette Pl, Plainfield, NJ, 07060 | 6.27% Rental Yield

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125 Lafayette Pl, Plainfield, NJ, 07060 | 6.27% Rental Yield | 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 125 Lafayette Pl, Plainfield, NJ, 07060 priced at $459,000 converts $2,400/mo rent into after a $2,247/mo obligation. Total monthly income equals $2,400/mo. Return on cash invested prints 13.03% in year one, and rental yield reads 6.27% against a $459,000 entry. Equity gained on principal adds $2,962/yr, while 5% annual appreciation compiles into $126,813 by year five. Five-year ROI reaches 67.18% and total cumulative return in cash sums $102,227. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $2,247/mo payment, not borrower’s personal income.

Single Family

Built in 1920

5,750 sqft lot

$N/A/sqft

No HOA

More details about the property

BEAUTIFULLY UPDATED, FULL OF CHARACTER - This sweet 2-bedroom, 2-bath home, built in the 1920s, has been thoughtfully updated with modern conveniences while preserving its timeless charm and original details. From the inviting screened-in front porch to the vintage woodwork and cozy built-ins, every corner of this home tells a story. As you arrive, you'll be greeted by beautiful organic gardens that set the tone for the home's welcoming atmosphere. Step inside to find a warm and inviting dining room with a wood-burning stove, a comfortable living room with original built-ins, and a fully equipped eat-in kitchen filled with charming details. A pantry area and a full bath complete the main level.Upstairs, you'll find two light-filled bedrooms, a large updated full bath with laundry, and a substantial closet. A pull-down attic offers excellent potential for storage, a studio, or future expansion. The basement provides additional storage space. The spacious backyard sets the stage for incredible indoor/outdoor living perfect for entertaining, gardening, or simply relaxing.Centrally located with easy access to train and bus lines to NYC, as well as nearby shops and schools, this home offers the perfect blend of convenience, charm, and comfort. A true gem for those who appreciate classic style and thoughtful craftsmanship.

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