401 Us Highway 22 BLDG 6 #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 Us Highway 22 BLDG 6 #H, Plainfield, NJ, 07060 offers a 9.26% rental yield on a $199,900 purchase with $1,543/mo rent. Total monthly income registers $1,543/mo, and a $978/mo payment leaves $119/mo available for distribution. Annual cash flow reaches $1,423/yr on $66,267 to close, and return on cash invested stands at 22.06% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 115.62% and total cumulative return in cash at $76,621. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,543/mo property income against a $978/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
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: Darren Tietsworth • Re/Max Select
Mls Name: GSMLS
Mls ID: #4007400