614-34 W 8Th St #15PlainfieldNJ07060
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 614-34 W 8Th St #15, Plainfield, NJ, 07060 uses $94,478 cash to close to unlock $4,158/yr annual cash flow and $347/mo monthly cash flow. Total monthly income runs $2,378/mo, and a $1,395/mo payment keeps the spread at $347/mo. Purchase price stands at $285,000, and rental yield measures 10.01% with $2,378/mo rent. Return on cash invested shows 24.31% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 127.69% and total cumulative return in cash records $120,642. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,378/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Townhouse
Built in 1973
1.54 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tamer Masoud • Realty One Group Legend
Mls Name: GSMLS
Mls ID: #4006632