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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 957 Myrtle Ave, Plainfield, NJ, 07063 uses $160,778 cash to close to unlock $8,638/yr annual cash flow and $720/mo monthly cash flow. Total monthly income runs $4,177/mo, and a $2,374/mo payment keeps the spread at $720/mo. Purchase price stands at $485,000, and rental yield measures 10.33% with $4,177/mo rent. Return on cash invested shows 25.28% in year one, and 5% annual appreciation builds toward $133,997 over five years. Five-year ROI reaches 132.88% and total cumulative return in cash records $213,638. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,177/mo property income covering a $2,374/mo payment rather than investor’s personal income.
Single Family
Built in 1921
7,938 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07063, Plainfield, NJ area.
| 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 |
Residential
3,807
Single Family
3,631
Multi-Family
176
Businesses
121
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: Joseph Leone • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3999468
