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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% |
Investment property for sale in Plainfield at 767-773 Ravine Rd, Plainfield, NJ, 07062 offers a 11.97% rental yield on a $950,000 purchase with $9,480/mo rent. Total monthly income registers $9,480/mo, and a $4,650/mo payment leaves $2,708/mo available for distribution. Annual cash flow reaches $32,500/yr on $312,550 to close, and return on cash invested stands at 30.46% in year one. Equity gained on principal adds $6,130/yr while 5% annual appreciation supports $262,467 over five years. Portfolio math shows five-year ROI at 160.63% and total cumulative return in cash at $502,046. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $9,480/mo property income against a $4,650/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A 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: Bridget Farquharson • Keller Williams City Life Realty, Jersey City
Mls Name: NJMLS
Mls ID: #25029348
