32 Washington AvenueNorth 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
Rental property for sale in North Plainfield at 32 Washington Avenue, North Plainfield, NJ, 07060 priced at $295,000 converts $2,912/mo rent into $809/mo cash flow after a $1,444/mo obligation. Total monthly income equals $2,912/mo, and annual cash flow totals $9,710/yr on $97,793 invested. Return on cash invested prints 29.84% in year one, and rental yield reads 11.85% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 157.36% and total cumulative return in cash sums $153,890. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,912/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Condo
Built in 1980
N/A 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: Shiina Pai • The Other Side Real Estate Llc
Mls Name: GSMLS
Mls ID: #4004855