808 E 3rd St, Plainfield, NJ, 07062 | $806/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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808 E 3rd St, Plainfield, NJ, 07062 | $806/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Plainfield at 808 E 3rd St, Plainfield, NJ, 07062 generates $3,300/mo in rent and, after a $1,713/mo payment, leaves $806/mo in cash flow. Total monthly income is $3,300/mo, and annual cash flow is $9,667/yr on $115,992 invested. Return on cash invested sits at 28.24% in year one, and rental yield is 11.32% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 148.77% and total cumulative return in cash sums $172,566. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,300/mo property income rather than buyer’s personal income.

Single Family

Built in 1921

3,497 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 808 E 3rd Street, a charming 2-bedroom, 1-bath home nestled in the heart of Plainfield. This residence offers comfort, space, and convenience with a generously sized eat-in kitchen perfect for gatherings, and a bright living room ideal for relaxing or entertaining. The home sits on a well-kept lot with off-street parking for 4+ vehicles, providing a rare combination of privacy and practicality.Enjoy the unbeatable proximity to Plainfield and Netherwood Train Stations, offering direct service to NYC for an easy commute. Nearby you'll find parks, playgrounds, and recreational areas, including Cedar Brook Park and Milt Campbell Field perfect for outdoor enthusiasts.Whether you're a first-time buyer or looking to downsize, this property delivers the right balance of comfort and convenience in one of Plainfield's most accessible neighborhoods. With its close distance to schools, shops, and transit, 808 E 3rd Street is a place to call home.being sold as is and buyer is responsible to apply for and obtain all City certs to close

Neighborhood Data

Neighborhood data shown for ZIP Code: 07062, Plainfield, NJ area.

Housing Distribution

Housing Statistics

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