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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in South Plainfield at 220 S Plainfield Ave, South Plainfield, NJ, 07080 with 5% annual appreciation on a $729,000 basis while $4,578/mo rent supports operations. 97% in year one. Equity gained on principal adds $4,704/yr, and five-year appreciation sums $201,409 alongside rental yield of 7.54%. Five-year ROI measures 88.27% and total cumulative return in cash totals $211,704. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,578/mo property income versus a $3,568/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07080, South Plainfield, NJ area.
| 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 |
Residential
8,329
Single Family
8,225
Multi-Family
104
Businesses
1,425
Date | Event | Price |
|---|---|---|
| 2022-08-12 | Sold | $665,000 |
| 2022-06-29 | Contingent | $599,000 |
| 2022-06-13 | Listed for sale | $599,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-11 | $13796.43 | 10.13% | $197,600 | 5.33% |
| 2023-04-11 | $12527.93 | 10.06% | $187,600 | 8.69% |
| 2022-04-11 | $11382.97 | 38.52% | $172,600 | 35.27% |
Listed by: Christina Kaplun • RE/MAX FIRST REALTY, INC.
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2561375M
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