16 Ransome PlPlainfieldNJ07063
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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 Plainfield at 16 Ransome Pl, Plainfield, NJ, 07063 generates $3,590/mo in rent and, after a $2,203/mo payment, leaves $382/mo in cash flow. Total monthly income is $3,590/mo, and annual cash flow is $4,584/yr on $149,175 invested. Return on cash invested sits at 22.98% in year one, and rental yield is 9.57% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 120.55% and total cumulative return in cash sums $179,826. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,590/mo property income rather than buyer’s personal income.
Single Family
Built in 1926
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07063, Plainfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,303 (100%) |
| Owner Occupied HU | 2,581 (60.0%) |
| Renter Occupied HU | 1,628 (37.8%) |
| Vacant Housing Units | 94 ( 2.2%) |
| Median Home Value | $433,067 |
| Average Home Value | $515,305 |
Housing Distribution
Address Breakdown
Residential
3,807
Single Family
3,631
Multi-Family
176
Businesses
121
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Listed by: Thomas Marcotrigiano • Tom Marco Real Estate, Inc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3970834
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