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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 401 Highway22B53U3Ondo, Plainfield, NJ, 07060 generates $2,138/mo in rent and, after a $1,270/mo payment, leaves $288/mo in cash flow. Total monthly income is $2,138/mo, and annual cash flow is $3,461/yr on $86,024 invested. Return on cash invested sits at 23.93% in year one, and rental yield is 9.89% on a $259,500 entry. Equity gained on principal adds $1,675/yr, while 5% annual appreciation builds toward $71,695 over five years. Five-year ROI reaches 125.66% and total cumulative return in cash sums $108,101. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,138/mo property income rather than buyer’s personal income.
Condo
Built in 1960
99 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07060, Plainfield, NJ area.
| 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 |
Residential
14,977
Single Family
11,780
Multi-Family
3,197
Businesses
1,199
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Hector Colon • Elite Group Realty Llc
Mls Name: GSMLS
Mls ID: #3985648
