Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 361 Richard Way, Plainfield, NJ, 07060 offers a 10.61% rental yield on a $475,000 purchase with $4,200/mo rent. Total monthly income registers $4,200/mo, and a $2,325/mo payment leaves $814/mo available for distribution. Annual cash flow reaches $9,770/yr on $157,463 to close, and return on cash invested stands at 26.11% in year one. Equity gained on principal adds $3,065/yr while 5% annual appreciation supports $131,234 over five years. Portfolio math shows five-year ROI at 137.37% and total cumulative return in cash at $216,307. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,200/mo property income against a $2,325/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
7,840 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Susan J Tucker • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3996876
