290 North DrNorth 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
Investment property for sale in North Plainfield at 290 North Dr, North Plainfield, NJ, 07060 listed at $499,900 pairs $4,777/mo rent with a $2,447/mo payment to leave $1,214/mo cash flow. Total monthly income runs $4,777/mo, and annual cash flow reaches $14,563/yr on $165,717 cash to close. Return on cash invested measures 28.7% in year one, and rental yield registers 11.47% at a $499,900 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,113 by year five. Five-year ROI tracks 151.2% and total cumulative return in cash totals $250,560. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,777/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1929
8,233 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: Esther Ungar • Goldstone Residential LLC
Mls Name: Bright MLS
Mls ID: #NJSO2004902