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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% |
Rental property for sale in Plainfield at 223 Monroe Ave, Plainfield, NJ, 07063 offers $3,960/mo rent that, after a $4,351/mo payment. Total monthly income is $3,960/mo. Return on cash invested measures 10.31% in year one, and rental yield stands at 5.35% at a $889,000 entry. Equity gained on principal adds $5,737/yr while 5% annual appreciation compounds into $245,614 by year five. Five-year ROI records 52.58% and total cumulative return in cash reaches $153,782. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,960/mo property income versus a $4,351/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 2025
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07063, Plainfield, NJ area.
| 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 |
Residential
3,807
Single Family
3,631
Multi-Family
176
Businesses
121
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Inette Sosa • Florostone Realty Inc.
Mls Name: GSMLS
Mls ID: #3995739
