585 Plainfield AveBerkeley HeightsNJ07922
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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 Berkeley Heights at 585 Plainfield Ave, Berkeley Heights, NJ, 07922 priced at $629,000 pairs $3,840/mo rent with after a $3,079/mo payment. Total monthly income equals $3,840/mo. Return on cash invested is 16.33% in year one, and rental yield stands at 7.33% on a $629,000 basis. Equity gained on principal adds $4,059/yr, and 5% annual appreciation accumulates to $173,781 by year five. Five-year ROI measures 84.85% and total cumulative return in cash reaches $175,593. For financing, Ziffy Mortgage’s DSCR program evaluates $3,840/mo property income against a $3,079/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07922, Berkeley Heights, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,805 (100%) |
| Owner Occupied HU | 3,915 (81.5%) |
| Renter Occupied HU | 550 (11.4%) |
| Vacant Housing Units | 340 ( 7.1%) |
| Median Home Value | $777,472 |
| Average Home Value | $844,385 |
Housing Distribution
Address Breakdown
Residential
4,667
Single Family
4,667
Multi-Family
0
Businesses
442
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Listed by: Laurianne Tussel Holsten • Re/Max Achievers
Mls Name: GSMLS
Mls ID: #4004957