443 Richard WayNorth PlainfieldNJ07062
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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 North Plainfield at 443 Richard Way, North Plainfield, NJ, 07062 earns $726/mo cash flow from $3,649/mo rent with a $2,007/mo payment. Total monthly income totals $3,649/mo, and annual cash flow totals $8,716/yr on $135,912 capital. ROI tracks 26.32% on current figures, and rental yield reads 10.68% at a $409,990 purchase. Equity gained on principal adds $2,646/yr, and 5% annual appreciation supports $113,273 over five years. Five-year ROI reaches 138.48% and total cumulative return in cash sums $188,216. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,649/mo property income instead of your personal income.
Single Family
Built in 1951
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07062, Plainfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,331 (100%) |
| Owner Occupied HU | 2,813 (52.8%) |
| Renter Occupied HU | 2,167 (40.6%) |
| Vacant Housing Units | 351 ( 6.6%) |
| Median Home Value | $449,784 |
| Average Home Value | $543,400 |
Housing Distribution
Address Breakdown
Residential
5,276
Single Family
4,476
Multi-Family
800
Businesses
221
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Listed by: Dhruvenkumar Patel • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3975121