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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 North Plainfield at 24 Shady Ct, North Plainfield, NJ, 07060 priced at $475,000 converts $3,863/mo rent into $477/mo cash flow after a $2,325/mo obligation. Total monthly income equals $3,863/mo, and annual cash flow totals $5,726/yr on $157,463 invested. Return on cash invested prints 23.55% in year one, and rental yield reads 9.76% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 123.59% and total cumulative return in cash sums $194,611. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,863/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1949
6,969 sqft 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 |
|---|---|---|
| 2023-11-20 | Listing removed | N/A |
| 2023-11-17 | Listed for sale | $425,000 |
| 2009-11-10 | Sold | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-17 | $9805.50 | 2.57% | $225,000 | N/A |
| 2023-09-17 | $9560.25 | 5.46% | $225,000 | N/A |
| 2022-09-17 | $9065.25 | N/A | $225,000 | N/A |
Listed by: Mary Smith • Real
Mls Name: GSMLS
Mls Provider:
Mls ID: #3987207
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
