225 Sumner AvePlainfieldNJ07062
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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 225 Sumner Ave, Plainfield, NJ, 07062 priced at $425,000 pairs $3,821/mo rent with $792/mo cash flow after a $2,080/mo payment. Total monthly income equals $3,821/mo, and annual cash flow comes to $9,502/yr on $140,888 invested. Return on cash invested is 26.65% in year one, and rental yield stands at 10.79% on a $425,000 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,420 by year five. Five-year ROI measures 140.23% and total cumulative return in cash reaches $197,573. For financing, Ziffy Mortgage’s DSCR program evaluates $3,821/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1926
6,098 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: Tenneisha Brown-ogbeide • Lpt Realty
Mls Name: GSMLS
Mls ID: #3999008