935C E Front St BLDG 935 #C, Plainfield, NJ, 07062 | $152/mo Cash Flow

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935C E Front St BLDG 935 #C, Plainfield, NJ, 07062 | $152/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

Investment property for sale in Plainfield at 935C E Front St BLDG 935 #C, Plainfield, NJ, 07062 offers a 9.51% rental yield on a $190,000 purchase with $1,506/mo rent. Total monthly income registers $1,506/mo, and a $930/mo payment leaves $152/mo available for distribution. Annual cash flow reaches $1,820/yr on $62,985 to close, and return on cash invested stands at 22.8% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 119.59% and total cumulative return in cash at $75,324. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,506/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1950

12.82 Acres lot

$N/A/sqft

No HOA

More details about the property

BACK ON THE MARKET. Location! Location!! Location!!! A renovated one-bedroom condo conveniently close to bus and train transport. The location also offers convenient access to schools and shopping centers. Recent renovations include a newly installed kitchen cabinetry with granite countertops, along with updated bathroom fixtures and new flooring. The low association fee covers heating services, water provision, sewer, maintenance of communal spaces, snow removal, lawn maintenance and trash removal. The complex features extensive parking lots. It also offers ample closet space and includes an on-site laundry facility. Consider making this your home.

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