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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 740 Saint Marys Ave, Plainfield, NJ, 07062 priced at $589,000 pairs $4,521/mo rent with $323/mo cash flow after a $2,883/mo payment. Total monthly income equals $4,521/mo, and annual cash flow comes to $3,871/yr on $193,781 invested. Return on cash invested is 22.06% in year one, and rental yield stands at 9.21% on a $589,000 basis. Equity gained on principal adds $3,801/yr, and 5% annual appreciation accumulates to $162,730 by year five. Five-year ROI measures 115.58% and total cumulative return in cash reaches $223,970. For financing, Ziffy Mortgage’s DSCR program evaluates $4,521/mo property income against a $2,883/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1921
4,356 sqft 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Maria Fernandez • Homesmart First Advantage Realty
Mls Name: GSMLS
Mls ID: #3982448
