551 Melrose AveSouth PlainfieldNJ07080
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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
Total monthly income runs $3,661/mo, and a $2,594/mo payment. Purchase price stands at $529,900, and rental yield measures 8.29% with $3,661/mo rent. Return on cash invested shows 19.26% in year one, and 5% annual appreciation builds toward $146,402 over five years. Five-year ROI reaches 100.57% and total cumulative return in cash records $175,331. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,661/mo property income covering a $2,594/mo payment rather than investor’s personal income.
Single Family
Built in 1953
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07080, South Plainfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,674 (100%) |
| Owner Occupied HU | 6,720 (77.5%) |
| Renter Occupied HU | 1,564 (18.0%) |
| Vacant Housing Units | 390 ( 4.5%) |
| Median Home Value | $486,077 |
| Average Home Value | $542,541 |
Housing Distribution
Address Breakdown
Residential
8,329
Single Family
8,225
Multi-Family
104
Businesses
1,425
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Listed by: CARLO J. FLORES • KELLER WILLIAMS REALTY
Mls Name: All Jersey MLS
Mls ID: #2606554R