823 E 3Rd StPlainfieldNJ07062
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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 823 E 3Rd St, Plainfield, NJ, 07062 offers a 7.16% rental yield on a $489,000 purchase with $2,918/mo rent. 71% in year one. Equity gained on principal adds $3,155/yr while 5% annual appreciation supports $135,102 over five years. Portfolio math shows five-year ROI at 81.55% and total cumulative return in cash at $132,190. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,918/mo property income against a $2,393/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
10,047 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,276
Single Family
4,476
Multi-Family
800
Businesses
221
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Listed by: Elise Quintana • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3973558