668 Warfield RdNorth PlainfieldNJ07063
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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 668 Warfield Rd, North Plainfield, NJ, 07063 uses $172,067 cash to close to unlock $6,876/yr annual cash flow and $573/mo monthly cash flow. Total monthly income runs $4,301/mo, and a $2,560/mo payment keeps the spread at $573/mo. Purchase price stands at $523,000, and rental yield measures 9.87% with $4,301/mo rent. Return on cash invested shows 24.06% in year one, and 5% annual appreciation builds toward $144,495 over five years. Five-year ROI reaches 126.28% and total cumulative return in cash records $217,289. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,301/mo property income covering a $2,560/mo payment rather than investor’s personal income.
Single Family
Built in 1961
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07063, Plainfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,303 (100%) |
| Owner Occupied HU | 2,581 (60.0%) |
| Renter Occupied HU | 1,628 (37.8%) |
| Vacant Housing Units | 94 ( 2.2%) |
| Median Home Value | $433,067 |
| Average Home Value | $515,305 |
Housing Distribution
Address Breakdown
Residential
3,807
Single Family
3,631
Multi-Family
176
Businesses
121
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Listed by: Carolina Castro • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3989694