144 Belmont AveNorth PlainfieldNJ07060
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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 North Plainfield at 144 Belmont Ave, North Plainfield, NJ, 07060 uses $180,950 cash to close to unlock $9,092/yr annual cash flow and $758/mo monthly cash flow. Total monthly income runs $4,678/mo, and a $2,692/mo payment keeps the spread at $758/mo. Purchase price stands at $550,000, and rental yield measures 10.21% with $4,678/mo rent. Return on cash invested shows 25.08% in year one, and 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 131.81% and total cumulative return in cash records $238,510. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,678/mo property income covering a $2,692/mo payment rather than investor’s personal income.
Single Family
Built in 1954
5,998 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
14,977
Single Family
11,780
Multi-Family
3,197
Businesses
1,199
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Listed by: GIEZI E. SANDERS • EXP REALTY, LLC
Mls Name: All Jersey MLS
Mls ID: #2607969R