1400 E 7th StPlainfieldNJ07062
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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 1400 E 7th St, Plainfield, NJ, 07062 listed at $389,990 pairs $3,300/mo rent with a $1,909/mo payment to leave $520/mo cash flow. Total monthly income runs $3,300/mo, and annual cash flow reaches $6,240/yr on $129,282 cash to close. Return on cash invested measures 24.74% in year one, and rental yield registers 10.15% at a $389,990 basis. Equity gained on principal adds $2,517/yr, and annual property appreciation at 5% supports $107,747 by year five. Five-year ROI tracks 129.99% and total cumulative return in cash totals $168,053. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,300/mo property income relative to a $1,909/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1941
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07062, Plainfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,331 (100%) |
| Owner Occupied HU | 2,813 (52.8%) |
| Renter Occupied HU | 2,167 (40.6%) |
| Vacant Housing Units | 351 ( 6.6%) |
| Median Home Value | $449,784 |
| Average Home Value | $543,400 |
Housing Distribution
Address Breakdown
Residential
5,276
Single Family
4,476
Multi-Family
800
Businesses
221
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Listed by: Farhan Malik • Realmart Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3922575
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