1342 S 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
Total monthly income runs $2,378/mo, and a $2,814/mo payment. Purchase price stands at $574,880, and rental yield measures 4.96% with $2,378/mo rent. Return on cash invested shows 9.15% in year one, and 5% annual appreciation builds toward $158,829 over five years. Five-year ROI reaches 46.37% and total cumulative return in cash records $87,693. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,378/mo property income covering a $2,814/mo payment rather than investor’s personal income.
Single Family
Built in 1909
N/A 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 R.E. OF NORTH JERSEY
Mls Name: All Jersey MLS
Mls ID: #2607905R