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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 South Plainfield at 329 Rahway Ave, South Plainfield, NJ, 07080 priced at $585,000 converts $4,516/mo rent into $347/mo cash flow after a $2,863/mo obligation. Total monthly income equals $4,516/mo, and annual cash flow totals $4,158/yr on $192,465 invested. Return on cash invested prints 22.22% in year one, and rental yield reads 9.26% against a $585,000 entry. Equity gained on principal adds $3,775/yr, while 5% annual appreciation compiles into $161,625 by year five. Five-year ROI reaches 116.45% and total cumulative return in cash sums $224,130. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,516/mo property income covering a $2,863/mo payment, not borrower’s personal income.
Single Family
Built in N/A
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07080, South Plainfield, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,674 (100%) |
| Owner Occupied HU | 6,720 (77.5%) |
| Renter Occupied HU | 1,564 (18.0%) |
| Vacant Housing Units | 390 ( 4.5%) |
| Median Home Value | $486,077 |
| Average Home Value | $542,541 |
Residential
8,329
Single Family
8,225
Multi-Family
104
Businesses
1,425
Date | Event | Price |
|---|---|---|
| 2024-10-10 | Price change | $585,000 |
| 2024-09-07 | Listed for sale | $630,000 |
| 2024-04-29 | Sold | $630,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $7365.83 | 1.26% | $110,300 | N/A |
| 2022-10-16 | $7274.29 | 2.41% | $110,300 | N/A |
| 2021-10-16 | $7103.32 | N/A | $110,300 | N/A |
Listed by: Allison Mireau • WOLF PREMIER PROPERTIES LLC
Mls Name: All Jersey MLS
Mls Provider:
Mls ID: #2503122R
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