814 Sherman AvePlainfieldNJ07063
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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 Plainfield at 814 Sherman Ave, Plainfield, NJ, 07063 with 5% annual appreciation on a $520,000 basis while $3,960/mo rent supports operations. Total monthly income totals $3,960/mo and a $2,545/mo payment preserves $254/mo for cash returns. Annual cash flow comes to $3,044/yr on $171,080 deployed, and return on cash invested reaches 21.84% in year one. Equity gained on principal adds $3,355/yr, and five-year appreciation sums $143,666 alongside rental yield of 9.14%. Five-year ROI measures 114.41% and total cumulative return in cash totals $195,731.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,960/mo property income versus a $2,545/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1931
0.29 Acres 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: Cathy Splinter • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3993743