401 Highway22B40U6 BLDG 40 #F, Plainfield, NJ, 07060 | $667/mo Cash Flow

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401 Highway22B40U6 BLDG 40 #F, Plainfield, NJ, 07060 | $667/mo Cash Flow | Ziffy

For Sale

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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 Highway22B40U6 BLDG 40 #F, Plainfield, NJ, 07060 offers a 11.09% rental yield on a $315,000 purchase with $2,912/mo rent. Total monthly income registers $2,912/mo, and a $1,542/mo payment leaves $667/mo available for distribution. Annual cash flow reaches $7,998/yr on $104,423 to close, and return on cash invested stands at 27.57% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 145.17% and total cumulative return in cash at $151,589. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,912/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1960

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this 2 bed 1 bath open and bright second-floor condo in highly convenient Regency Village community. Features include a spacious living, dining area, additional office room and ample storage throughout. The community features a well-maintained pool, on-site laundry facilities, a children's playground, spacious resident & guest parking, a basketball court and BBQ picnic area. Located minutes from shopping, dining, and major highways (22/78/287) perfect for commuters! Great opportunity for first-time buyers, downsizers, or investors.

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