401 Highway 22 UNIT HPlainfieldNJ07060
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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 401 Highway 22 UNIT H, Plainfield, NJ, 07060 uses $68,919 cash to close to unlock $3,128/yr annual cash flow and $261/mo monthly cash flow. Total monthly income runs $2,138/mo, and a $1,018/mo payment keeps the spread at $261/mo. Purchase price stands at $207,900, and rental yield measures 12.34% with $2,138/mo rent. Return on cash invested shows 24.45% in year one, and 5% annual appreciation builds toward $57,439 over five years. Five-year ROI reaches 130.91% and total cumulative return in cash records $90,220. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,138/mo property income covering a $1,018/mo payment rather than investor’s personal income.
Condo
Built in 1960
N/A lot
$N/A/sqft
$395 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: #3924585
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