235 Plainfield AveBerkeley HeightsNJ07922
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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 Berkeley Heights at 235 Plainfield Ave, Berkeley Heights, NJ, 07922 offers $3,337/mo rent that, after a $2,251/mo payment, leaves $59/mo cash flow. Total monthly income is $3,337/mo, and annual cash flow is $707/yr on $152,457 cash. Return on cash invested measures 20.37% in year one, and rental yield stands at 8.71% at a $459,900 entry. Equity gained on principal adds $2,968/yr while 5% annual appreciation compounds into $127,062 by year five. Five-year ROI records 106.55% and total cumulative return in cash reaches $162,450. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,337/mo property income versus a $2,251/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1923
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07922, Berkeley Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,805 (100%) |
| Owner Occupied HU | 3,915 (81.5%) |
| Renter Occupied HU | 550 (11.4%) |
| Vacant Housing Units | 340 ( 7.1%) |
| Median Home Value | $777,472 |
| Average Home Value | $844,385 |
Housing Distribution
Address Breakdown
Residential
4,667
Single Family
4,667
Multi-Family
0
Businesses
442
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Listed by: Patrick Fox Jr • American Realty Services Group
Mls Name: GSMLS
Mls ID: #4005278