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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 281-83 Watson Ave, Plainfield, NJ, 07062 earns from $3,300/mo rent with a $2,300/mo payment. Total monthly income totals $3,300/mo. ROI tracks 19.53% on current figures, and rental yield reads 8.43% at a $470,000 purchase. Equity gained on principal adds $3,033/yr, and 5% annual appreciation supports $129,852 over five years. Five-year ROI reaches 102.03% and total cumulative return in cash sums $158,973. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,300/mo property income instead of your personal income.
Single Family
Built in 1931
5,662 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 |
|---|---|---|
| 2024-10-12 | Listed for sale | $470,000 |
| 2018-04-17 | Sold | $125,000 |
| 2017-12-18 | Listed for sale | $100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $7530.67 | 2.21% | $87,100 | N/A |
| 2022-10-16 | $7367.79 | 0.88% | $87,100 | N/A |
| 2021-10-16 | $7303.34 | 0.29% | $87,100 | N/A |
Listed by: Jessie Lizardo • Era Reed Realty, Inc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3928403
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 2024 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.
