1287 E 2nd StreetPlainfieldNJ07062
Nearby investment properties with comparable rents
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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
Investment Highlights
Rental property for sale in Plainfield at 1287 E 2nd Street, Plainfield, NJ, 07062 generates $3,304/mo in rent, after a $3,181/mo payment. Total monthly income is $3,304/mo. Return on cash invested sits at 12.6% in year one, and rental yield is 6.1% on a $649,900 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,555 over five years. Five-year ROI reaches 64.88% and total cumulative return in cash sums $138,726. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,304/mo property income rather than buyer’s personal income.
Single Family
Built in 1931
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07062, Plainfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,331 (100%) |
| Owner Occupied HU | 2,813 (52.8%) |
| Renter Occupied HU | 2,167 (40.6%) |
| Vacant Housing Units | 351 ( 6.6%) |
| Median Home Value | $449,784 |
| Average Home Value | $543,400 |
Housing Distribution
Address Breakdown
Residential
5,276
Single Family
4,476
Multi-Family
800
Businesses
221
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Listed by: Joseph W. Burris • Exp Realty, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3953334
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