155 Netherwood AveNorth PlainfieldNJ07062
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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 155 Netherwood Ave, North Plainfield, NJ, 07062 offers a 8.77% rental yield on a $549,900 purchase with $4,018/mo rent. Total monthly income registers $4,018/mo, and a $2,691/mo payment leaves $99/mo available for distribution. Annual cash flow reaches $1,187/yr on $180,917 to close, and return on cash invested stands at 20.72% in year one. Equity gained on principal adds $3,548/yr while 5% annual appreciation supports $151,927 over five years. Portfolio math shows five-year ROI at 108.38% and total cumulative return in cash at $196,070. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,018/mo property income against a $2,691/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
8,276 sqft 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: Jacqueline Fuchs • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4006668