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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 Springfield at 10 Outlook Way, Springfield, NJ, 07081 offers a 4.98% rental yield on a $925,000 purchase with $3,840/mo rent. 21% in year one. Equity gained on principal adds $5,969/yr while 5% annual appreciation supports $255,560 over five years. Portfolio math shows five-year ROI at 46.66% and total cumulative return in cash at $141,985. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,840/mo property income against a $4,527/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07081, Springfield, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,118 (100%) |
| Owner Occupied HU | 4,276 (60.1%) |
| Renter Occupied HU | 2,384 (33.5%) |
| Vacant Housing Units | 458 ( 6.4%) |
| Median Home Value | $617,684 |
| Average Home Value | $640,707 |
Residential
7,018
Single Family
5,932
Multi-Family
1,086
Businesses
789
Date | Event | Price |
|---|---|---|
| 2023-05-30 | Sold | $720,000 |
| 2022-12-21 | Sold | $720,000 |
| 2022-11-23 | Pending sale | $699,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-26 | $15416.13 | 10.15% | $649,100 | 8.35% |
| 2023-06-26 | $13994.98 | 7.70% | $599,100 | N/A |
| 2022-06-26 | $12994.48 | -21.06% | $599,100 | 170.96% |
Listed by: Dulce Ruivo • Re/Max Heritage Properties
Mls Name: GSMLS
Mls Provider:
Mls ID: #3971567
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
