137 Grove St #39, North Plainfield, NJ, 07060 | $1,497/mo Cash Flow

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137 Grove St #39, North Plainfield, NJ, 07060 | $1,497/mo Cash Flow | Ziffy

Off market

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 North Plainfield at 137 Grove St #39, North Plainfield, NJ, 07060 listed at $270,000 pairs $3,935/mo rent with a $1,322/mo payment to leave $1,497/mo cash flow. Total monthly income runs $3,935/mo, and annual cash flow reaches $17,969/yr on $89,505 cash to close. Return on cash invested measures 39.99% in year one, and rental yield registers 17.49% at a $270,000 basis. Equity gained on principal adds $1,742/yr, and annual property appreciation at 5% supports $74,596 by year five. Five-year ROI tracks 214.26% and total cumulative return in cash totals $191,773. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,935/mo property income relative to a $1,322/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 1909

7,641 sqft lot

$N/A/sqft

No HOA

More details about the property

This stunning historic 2-family home, built in 1909 and fully renovated in 2022, blends timeless charm with modern comfort. Located in the heart of North Plainfields coveted Washington Park Historic District, the home features 6 bedrooms, 4 full bathrooms, and bonus flex spaces perfect for working from home or guest use. This one-of-a-kind home comes complete with original architectural details, and fully updated systems including new HVAC, electric, plumbing, and roof. Situated on a spacious 7,641 sq ft lot with private yard and off-street parking, this is the perfect blend of history, style, and functionality just minutes from NJ Transit, schools, and shops. Whether youre looking to live in one unit and rent the other, accommodate multi-generational family, or add a low-maintenance cash-flowing asset to your portfolio 13739 Grove St delivers charm, function, and value in one of Central New Jerseys most walkable historic neighborhoods. Dont miss this rare opportunity. Schedule your private showing today!

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