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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 Plainfield at 224-228 Westervelt Avenue, Plainfield, NJ, 07060 listed at $825,000 pairs $2,378/mo rent with a $4,038/mo payment. Total monthly income runs $2,378/mo. Return on cash invested measures 4.58% in year one, and rental yield registers 3.46% at a $825,000 basis. Equity gained on principal adds $5,324/yr, and annual property appreciation at 5% supports $227,932 by year five. Five-year ROI tracks 21.83% and total cumulative return in cash totals $59,241. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,378/mo property income relative to a $4,038/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1958
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07060, Plainfield, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,601 (100%) |
| Owner Occupied HU | 6,224 (39.9%) |
| Renter Occupied HU | 8,742 (56.0%) |
| Vacant Housing Units | 635 ( 4.1%) |
| Median Home Value | $460,913 |
| Average Home Value | $523,674 |
Residential
14,977
Single Family
11,780
Multi-Family
3,197
Businesses
1,199
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: Laura Tsounis • Jack Pedersen Realty
Mls Name: MoreMLS
Mls ID: #22536865
