1409 Durham AveSouth PlainfieldNJ07080
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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
Rental property for sale in South Plainfield at 1409 Durham Ave, South Plainfield, NJ, 07080 generates $4,748/mo in rent and, after a $3,255/mo payment, leaves $8/mo in cash flow. Total monthly income is $4,748/mo, and annual cash flow is $94/yr on $218,785 invested. Return on cash invested sits at 20.1% in year one, and rental yield is 8.57% on a $665,000 entry. Equity gained on principal adds $4,291/yr, while 5% annual appreciation builds toward $183,727 over five years. Five-year ROI reaches 105.08% and total cumulative return in cash sums $229,903. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,748/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
8,329
Single Family
8,225
Multi-Family
104
Businesses
1,425
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Listed by: MICHAEL PENNISI • COLDWELL BANKER REALTY
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2603508R
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