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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 Plainfield at 312 Monroe Ave, Plainfield, NJ, 07063 priced at $449,000 converts $2,503/mo rent into after a $2,198/mo obligation. Total monthly income equals $2,503/mo. Return on cash invested prints 14.28% in year one, and rental yield reads 6.69% against a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation compiles into $124,050 by year five. Five-year ROI reaches 73.92% and total cumulative return in cash sums $110,032. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,503/mo property income covering a $2,198/mo payment, not borrower’s personal income.
Single Family
Built in 1915
5,315 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07063, Plainfield, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,303 (100%) |
| Owner Occupied HU | 2,581 (60.0%) |
| Renter Occupied HU | 1,628 (37.8%) |
| Vacant Housing Units | 94 ( 2.2%) |
| Median Home Value | $433,067 |
| Average Home Value | $515,305 |
Residential
3,807
Single Family
3,631
Multi-Family
176
Businesses
121
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Wanda Nuila • The Real Estate Company
Mls Name: GSMLS
Mls ID: #3991760
