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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% |
Investment property for sale in Plainfield at 280 Watson Ave UNIT 2, Plainfield, NJ, 07062 listed at $419,000 pairs $3,324/mo rent with a $2,051/mo payment to leave $337/mo cash flow. Total monthly income runs $3,324/mo, and annual cash flow reaches $4,047/yr on $138,899 cash to close. Return on cash invested measures 22.82% in year one, and rental yield registers 9.52% at a $419,000 basis. Equity gained on principal adds $2,704/yr, and annual property appreciation at 5% supports $115,762 by year five. Five-year ROI tracks 119.71% and total cumulative return in cash totals $166,277. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,324/mo property income relative to a $2,051/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1931
10,792 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07062, Plainfield, NJ area.
| 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 |
Residential
5,276
Single Family
4,476
Multi-Family
800
Businesses
221
Date | Event | Price |
|---|---|---|
| 2025-04-13 | Listed for sale | $419,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Ching Y. Liang • Re/Max Competitive Edge
Mls Name: GSMLS
Mls Provider:
Mls ID: #3956586
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.
