1300 Rock Ave, Plainfield, NJ, 07060 | 8.36% Rental Yield

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1300 Rock Ave, Plainfield, NJ, 07060 | 8.36% 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 1300 Rock Ave, Plainfield, NJ, 07060 generates $1,783/mo in rent, after a $1,253/mo payment. Total monthly income is $1,783/mo. Return on cash invested sits at 19.32% in year one, and rental yield is 8.36% on a $256,000 entry. Equity gained on principal adds $1,652/yr, while 5% annual appreciation builds toward $70,728 over five years. Five-year ROI reaches 100.94% and total cumulative return in cash sums $85,666. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,783/mo property income rather than buyer’s personal income.

Condo

Built in 1965

10,698 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this newly updated 1-bedroom condo offering both comfort and convenience in an ideal location just off Route 22. This bright and inviting unit features a large bedroom complete with two oversized closets, perfect for all your storage needs. The spacious living room opens to a private balcony through sliding glass doors, providing peaceful views of the grounds and is a perfect spot to relax and unwind. Enjoy cooking in the updated galley-style kitchen, which flows seamlessly into a separate dining area, ideal for everyday meals or entertaining. The unit has been recently renovated and features an updated modern bathroom and kitchen, all rooms have been freshly painted, lighting fixtures have been replaced and the hardwood floors refinished. Situated in a commuter-friendly location with easy access to major roadways, this condo is a fantastic opportunity for first-time buyers, those looking to downsize, or investors. The HOA fees include gas, heat, water, snow removal and outside maintenance ! Don't miss your chance to own this affordable updated move-in ready home in a well-maintained community. Pets - up to 2 cats, dogs not allowed

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