707 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
Rental property for sale in North Plainfield at 707 Warfield Rd, North Plainfield, NJ, 07063 priced at $579,000 converts $4,330/mo rent into $203/mo cash flow after a $2,834/mo obligation. Total monthly income equals $4,330/mo, and annual cash flow totals $2,435/yr on $190,491 invested. Return on cash invested prints 21.34% in year one, and rental yield reads 8.97% against a $579,000 entry. Equity gained on principal adds $3,736/yr, while 5% annual appreciation compiles into $159,967 by year five. Five-year ROI reaches 111.71% and total cumulative return in cash sums $212,803. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,330/mo property income covering a $2,834/mo payment, not borrower’s personal income.
Single Family
Built in 1961
9,748 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: JAMES DELLOMO • RE/MAX FIRST REALTY II
Mls Name: All Jersey MLS
Mls ID: #2660956M