1357-1403 S 2Nd St #2, Plainfield, NJ, 07063 | 6.34% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1357-1403 S 2Nd St #2, Plainfield, NJ, 07063 | 6.34% 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

Investment property for sale in Plainfield at 1357-1403 S 2Nd St #2, Plainfield, NJ, 07063 earns from $3,960/mo rent with a $3,671/mo payment. Total monthly income totals $3,960/mo. ROI tracks 13.32% on current figures, and rental yield reads 6.34% at a $750,000 purchase. Equity gained on principal adds $4,840/yr, and 5% annual appreciation supports $207,211 over five years. Five-year ROI reaches 68.71% and total cumulative return in cash sums $169,542. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,960/mo property income instead of your personal income.

Multi Family

Built in 1916

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Two-Family Home for SaleA large lot size for many possibilities on its use. This property presents a unique opportunity with two independent units, each featuring separate utility meters and a shared heating system. The first-floor unit offers three bedrooms, a living room, a full kitchen, and a complete bathroom. The second-floor unit includes a living room, a kitchen, one bedroom, and a finished bonus room on the attic level. The expansive lot size provides significant potential for various uses.Key Features:Separate Gas and Electric Meters for each unit.Significant parking for up to 9+ vehicles.One shared furnace for heating.Transaction Details:The house is being sold "AS IS"; the buyer accepts the property's current condition.The buyer is responsible for obtaining the Certificate of Occupancy (CO) from the municipality and any other certificates needed by the municipality.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07063, Plainfield, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,303 (100%)
Owner Occupied HU	2,581 (60.0%)
Renter Occupied HU	1,628 (37.8%)
Vacant Housing Units	94 ( 2.2%)
Median Home Value	$433,067
Average Home Value	$515,305

Housing Distribution

Address Breakdown

Residential

3,807

Single Family

3,631

Multi-Family

176

Businesses

121

Price History

Date	Event	Price
No price history data available

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

Nearby investment properties with comparable rents

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- sft

807 Watchung Rd, Bound Brook, NJ, 08805

2 Bed
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536 Bridgewater Ave, Bridgewater, NJ, 08807

3 Bed
2 Bath
- sft

160 Linden Ave UNIT 1, Bound Brook, NJ, 08805

3 Bed
2 Bath
- sft

383 W High St, Bound Brook, NJ, 08805

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: MultiFamily
Year Built: 1916
Architectural Style: N/A
Building Area: N/A
Living Area: N/A
Property Condition: N/A

Features & Amenities

Heating: N/A
Cooling: N/A
Flooring: N/A
Interior Features: N/A
Exterior Features: N/A
Parking Features: Asphalt, Driveway-Exclusive, Off Street, Parking Lot-Exclusive, See Remarks

Location

City: Plainfield
State: NJ
Subdivision: N/A
Lot Size: 7,840 sqft
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: N/A
Water Source: N/A
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: Pierre A. Guzman • Premierblu

Mls Name: GSMLS

Mls ID: #3995526

1357-1403 S 2Nd St #2,Plainfield,NJ,07063

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

1357-1403 S 2Nd St #2PlainfieldNJ07063