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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% |
Investment property for sale in Plainfield at 401 US Highway Rt 22, Plainfield, NJ, 07060 uses $104,423 cash to close to unlock $7,998/yr annual cash flow and $667/mo monthly cash flow. Total monthly income runs $2,912/mo, and a $1,542/mo payment keeps the spread at $667/mo. Purchase price stands at $315,000, and rental yield measures 11.09% with $2,912/mo rent. Return on cash invested shows 27.57% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 145.17% and total cumulative return in cash records $151,589. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,912/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Condo
Built in 1960
N/A 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: Mildred Correa • Keller Williams Towne Square Real
Mls Name: GSMLS
Mls ID: #3992974
