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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 38-42 Hamilton Ave, Plainfield, NJ, 07063 priced at $289,900 converts $2,503/mo rent into $372/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,503/mo, and annual cash flow totals $4,468/yr on $96,102 invested. Return on cash invested prints 24.56% in year one, and rental yield reads 10.36% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 129.32% and total cumulative return in cash sums $124,281. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,503/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1926
7,719 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 |
|---|---|---|
| 2025-04-03 | Listed for sale | $289,900 |
| 2024-02-06 | Sold | $210,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-04 | $6802.23 | 0.99% | $77,900 | N/A |
| 2023-04-04 | $6735.23 | 2.21% | $77,900 | N/A |
| 2022-04-04 | $6589.56 | 0.88% | $77,900 | N/A |
Listed by: Janusz Minkina • Century 21 Supreme Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3954775
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 2025 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.
