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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 312 W 5th St, Plainfield, NJ, 07060 with 5% annual appreciation on a $465,000 basis while $3,583/mo rent supports operations. Total monthly income totals $3,583/mo and a $2,276/mo payment preserves $269/mo for cash returns. Annual cash flow comes to $3,222/yr on $154,148 deployed, and return on cash invested reaches 22% in year one. Equity gained on principal adds $3,001/yr, and five-year appreciation sums $128,471 alongside rental yield of 9.25%. Five-year ROI measures 115.29% and total cumulative return in cash totals $177,719.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,583/mo property income versus a $2,276/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1911
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07060, Plainfield, NJ area.
| 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 |
Residential
14,977
Single Family
11,780
Multi-Family
3,197
Businesses
1,199
Date | Event | Price |
|---|---|---|
| 2024-09-18 | Listed for sale | $465,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Wilma Gilbert-campbell • John Campbell Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3924614
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.
