800 Kenneth Avenue #1South PlainfieldNJ07080
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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 South Plainfield at 800 Kenneth Avenue #1, South Plainfield, NJ, 07080 uses $157,463 cash to close to unlock $9,770/yr annual cash flow and $814/mo monthly cash flow. Total monthly income runs $4,200/mo, and a $2,325/mo payment keeps the spread at $814/mo. Purchase price stands at $475,000, and rental yield measures 10.61% with $4,200/mo rent. Return on cash invested shows 26.11% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 137.37% and total cumulative return in cash records $216,307. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,200/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Single Family
Built in N/A
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07080, South Plainfield, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,674 (100%) |
| Owner Occupied HU | 6,720 (77.5%) |
| Renter Occupied HU | 1,564 (18.0%) |
| Vacant Housing Units | 390 ( 4.5%) |
| Median Home Value | $486,077 |
| Average Home Value | $542,541 |
Housing Distribution
Address Breakdown
Residential
8,329
Single Family
8,225
Multi-Family
104
Businesses
1,425
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Listed by: Robert Cox • Crossroads Realty Ocean Cty Regional Office
Mls Name: MoreMLS
Mls ID: #22602681