401 Highway 22 Building 48 BLDG 48 #H, Plainfield, NJ, 07060 | $606/mo Cash Flow

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401 Highway 22 Building 48 BLDG 48 #H, Plainfield, NJ, 07060 | $606/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Plainfield at 401 Highway 22 Building 48 BLDG 48 #H, Plainfield, NJ, 07060 offers a 11.93% rental yield on a $215,000 purchase with $2,138/mo rent. Total monthly income registers $2,138/mo, and a $1,052/mo payment leaves $606/mo available for distribution. Annual cash flow reaches $7,270/yr on $71,273 to close, and return on cash invested stands at 30.11% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 158.76% and total cumulative return in cash at $113,149. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,138/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1940

9,999,999 Acres lot

$N/A/sqft

No HOA

More details about the property

Move right into this open-concept one bedroom condo in Regency Village! Floooded with natural light and ample closet space throughout the unit. Enjoy the community's lush green spaces, pool and playground, perfect for outdoor relaxation and recreation just outside your front door! All-inclusive monthly dues cover heat, hot and cold water, sewer, trash removal, common area maintenance, exterior upkeep, and lawn care, only electric and cable are excluded. Laundry rooms are conveniently located throughout the community for easy access. Located in a prime location with easy access to shopping, dining, parks, and transportation options, this condo offers the ideal blend of comfort and convenience. Don't miss the opportunity to call this condo unit your new home

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