1408 Joseph Ct, South Plainfield, NJ, 07080 | 7.76% Rental Yield

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1408 Joseph Ct, South Plainfield, NJ, 07080 | 7.76% Rental Yield | Ziffy

For Sale

Fix & Flip

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 South Plainfield at 1408 Joseph Ct, South Plainfield, NJ, 07080 offers a 7.76% rental yield on a $540,000 purchase with $3,492/mo rent. 65% in year one. Equity gained on principal adds $3,485/yr while 5% annual appreciation supports $149,192 over five years. Portfolio math shows five-year ROI at 91.92% and total cumulative return in cash at $163,310. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,492/mo property income against a $2,643/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 2002

N/A lot

$N/A/sqft

No HOA

More details about the property

3 bed-2.5 baths townhouse in Traditions community. Well care for property with brand new HVAC system (2025) and water heater (3 years). Townhouse comes with attached garage and private driveway. Basement with high ceilings. Main floor welcomes you with foyer and has dining room, living room plus powder room. Kitchen with 42 cabinets and granite countertop. Three generous size bedrooms and main bath plus laundry area on second floor. Master bedroom comes with attached master bath with tub and standing shower and two sinks completed with WIC closet and vaulted ceiling. Main bath features tub and exhaust fan. Main floor and 2nd floor has laminated flooring. Basement has carpet flooring. Priced to sell, won't last at this price. Value for those who are looking to put their own touches and make their own, this is the one you were waiting for! txt-732-735-2142 to make your private showing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07080, South Plainfield, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,674 (100%)
Owner Occupied HU	6,720 (77.5%)
Renter Occupied HU	1,564 (18.0%)
Vacant Housing Units	390 ( 4.5%)
Median Home Value	$486,077
Average Home Value	$542,541