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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% |
Rental property for sale in Plainfield at 62-64 Netherwood Ave, Plainfield, NJ, 07062 priced at $399,000 converts $5,449/mo rent into $2,491/mo cash flow after a $1,953/mo obligation. Total monthly income equals $5,449/mo, and annual cash flow totals $29,890/yr on $132,269 invested. Return on cash invested prints 42.51% in year one, and rental yield reads 16.39% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 225.62% and total cumulative return in cash sums $298,430. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,449/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1921
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07062, Plainfield, NJ area.
| 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 |
Residential
5,276
Single Family
4,476
Multi-Family
800
Businesses
221
Date | Event | Price |
|---|---|---|
| 2024-08-24 | Listed for sale | $399,000 |
| 2005-04-07 | Sold | $300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-16 | $9666.23 | 2.21% | $111,800 | N/A |
| 2022-10-16 | $9457.16 | 0.88% | $111,800 | N/A |
| 2021-10-16 | $9374.43 | 0.29% | $111,800 | N/A |
Listed by: Cintia D Urso • Vox Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3918789
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
