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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 93 Raymond Ave, Plainfield, NJ, 07062 offers a 10.73% rental yield on a $454,999 purchase with $4,068/mo rent. Total monthly income registers $4,068/mo, and a $2,227/mo payment leaves $825/mo available for distribution. Annual cash flow reaches $9,898/yr on $150,832 to close, and return on cash invested stands at 26.47% in year one. Equity gained on principal adds $2,936/yr while 5% annual appreciation supports $125,708 over five years. Portfolio math shows five-year ROI at 139.25% and total cumulative return in cash at $210,039. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,068/mo property income against a $2,227/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1921
9,940 sqft 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: EVELYN G. VIVAS RODRIGUEZ • ERA REED REALTY, INC
Mls Name: All Jersey MLS
Mls ID: #2606489R
