400 E Front St UNIT 215PlainfieldNJ07060
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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
Investment property for sale in Plainfield at 400 E Front St UNIT 215, Plainfield, NJ, 07060 listed at $285,900 pairs $2,497/mo rent with a $1,399/mo payment to leave $113/mo cash flow. Total monthly income runs $2,497/mo, and annual cash flow reaches $1,355/yr on $94,776 cash to close. Return on cash invested measures 21.34% in year one, and rental yield registers 10.48% at a $285,900 basis. Equity gained on principal adds $1,845/yr, and annual property appreciation at 5% supports $78,989 by year five. Five-year ROI tracks 113.31% and total cumulative return in cash totals $107,389. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,497/mo property income relative to a $1,399/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2010
1.16 Acres lot
$N/A/sqft
$308 monthly 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: William C Collins • Era Queen City Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3944515
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