1415 George 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 1415 George St, Plainfield, NJ, 07062 offers a 7.2% rental yield on a $485,900 purchase with $2,915/mo rent. 83% in year one. Equity gained on principal adds $3,135/yr while 5% annual appreciation supports $134,245 over five years. Portfolio math shows five-year ROI at 82.17% and total cumulative return in cash at $132,357. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,915/mo property income against a $2,378/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.34 Acres 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: William C Collins • Era Queen City Realty
Mls Name: GSMLS
Mls ID: #3985000