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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 South Plainfield at 238 Lucy Ct, South Plainfield, NJ, 07080 priced at $399,000 pairs $3,146/mo rent with $302/mo cash flow after a $1,953/mo payment. Total monthly income equals $3,146/mo, and annual cash flow comes to $3,623/yr on $132,269 invested. Return on cash invested is 22.65% in year one, and rental yield stands at 9.46% on a $399,000 basis. Equity gained on principal adds $2,575/yr, and 5% annual appreciation accumulates to $110,236 by year five. Five-year ROI measures 118.75% and total cumulative return in cash reaches $157,070. For financing, Ziffy Mortgage’s DSCR program evaluates $3,146/mo property income against a $1,953/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2001
N/A 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 |
|---|---|---|
| 2020-07-23 | Sold | $280,000 |
| 2020-06-22 | Pending sale | $285,000 |
| 2020-06-20 | Listing removed | $1,800 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-10 | $5498.67 | 4.55% | $78,755 | N/A |
| 2023-04-10 | $5259.26 | 1.26% | $78,755 | N/A |
| 2022-04-10 | $5193.89 | 2.41% | $78,755 | N/A |
Listed by: Clara Eskander • KELLER WILLIAMS METROPOLITAN
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2511653R
Disclaimer: The data relating to real estate for sale on this web-site comes in part from the Internet Listing Display database of the CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC. Real estate listings held by brokerage firms other than this site-owner are marked with the ILD logo. The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC does not warrant the accuracy, quality, reliability, suitability, completeness, usefulness or effectiveness of any information provided. Copyright 2025, CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC All rights reserved The CENTRAL JERSEY MULTIPLE LISTING SYSTEM, INC retains all rights, title and interest in and to its trademarks, service marks and copyrighted material. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify properties the consumer may be interested in purchasing or renting.
