1534 Chestnut St, South Plainfield, NJ, 07080 | $311/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1534 Chestnut St, South Plainfield, NJ, 07080 | $311/mo Cash Flow | Ziffy

For Sale

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 1534 Chestnut St, South Plainfield, NJ, 07080 uses $120,998 cash to close to unlock $3,730/yr annual cash flow and $311/mo monthly cash flow. Total monthly income runs $2,912/mo, and a $1,786/mo payment keeps the spread at $311/mo. Purchase price stands at $365,000, and rental yield measures 9.57% with $2,912/mo rent. Return on cash invested shows 22.99% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 120.6% and total cumulative return in cash records $145,927. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,912/mo property income covering a $1,786/mo payment rather than investor’s personal income.

Single Family

Built in 1919

5,292 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming ranch-style home on a desirable corner lot, offering plenty of potential for it's next owner. This 2-bedroom home features a galley kitchen, full bath and a full finished basement with side entrance, utility room, family room and laundry area ready for your personal touch and updates. While the property could use some TLC, it's fully ready for your personal touch and updates. While the property could use some TLC, it's fully livable and offers an excellent opportunity to create the home you envisioned. Exterior highlights include a shed and a one-car -wide driveway that fits up to 2 vehicles. Additional value comes with a newer furnace (installed within the last 6 years). Conveniently located near major highways, shopping and within the acclaimed Blue Ribbon school system. Bring your ideas and make this welcoming ranch your new home!

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