401 Us Highway 22 BLDG 6 #CPlainfieldNJ07060
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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
Rental property for sale in Plainfield at 401 Us Highway 22 BLDG 6 #C, Plainfield, NJ, 07060 generates $1,526/mo in rent and, after a $974/mo payment, leaves $108/mo in cash flow. Total monthly income is $1,526/mo, and annual cash flow is $1,291/yr on $65,969 invested. Return on cash invested sits at 21.87% in year one, and rental yield is 9.2% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 114.59% and total cumulative return in cash sums $75,594. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,526/mo property income rather than buyer’s personal income.
Condo
Built in 1960
N/A lot
$N/A/sqft
No 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: Nicholas Novello • Re/Max First Realty
Mls Name: GSMLS
Mls ID: #4000545