240 N Jackson AveNorth PlainfieldNJ07060
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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 North Plainfield at 240 N Jackson Ave, North Plainfield, NJ, 07060 priced at $499,000 pairs $4,292/mo rent with $736/mo cash flow after a $2,442/mo payment. Total monthly income equals $4,292/mo, and annual cash flow comes to $8,827/yr on $165,419 invested. Return on cash invested is 25.25% in year one, and rental yield stands at 10.32% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 132.69% and total cumulative return in cash reaches $219,498. For financing, Ziffy Mortgage’s DSCR program evaluates $4,292/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2018
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07060, Plainfield, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
14,977
Single Family
11,780
Multi-Family
3,197
Businesses
1,199
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Listed by: Marisa Daggett • The Coronato Realty Group
Mls Name: GSMLS
Mls Provider:
Mls ID: #3963232
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