1342 Lake StPlainfieldNJ07060
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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
Investment property for sale in Plainfield at 1342 Lake St, Plainfield, NJ, 07060 offers a 4.96% rental yield on a $574,880 purchase with $2,378/mo rent. 15% in year one. Equity gained on principal adds $3,710/yr while 5% annual appreciation supports $158,829 over five years. Portfolio math shows five-year ROI at 46.37% and total cumulative return in cash at $87,693. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,378/mo property income against a $2,814/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1909
3,920 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
14,977
Single Family
11,780
Multi-Family
3,197
Businesses
1,199
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Listed by: Andreia F. Melnikoff • United Real Estate
Mls Name: GSMLS
Mls ID: #3999263