107 Park PlSpringfieldNJ07081
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Nearby investment properties with comparable prices
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 Springfield at 107 Park Pl, Springfield, NJ, 07081 at $539,000 posts ROI 23.26% with $473/mo cash flow from $4,925/mo rent. Total monthly income equals $4,925/mo, and annual cash flow records $5,679/yr on $177,331 to close. Return on cash invested measures 23.26% and rental yield reads 10.96% at the current $539,000. Equity gained on principal adds $3,478/yr, and 5% annual appreciation supports $148,916 by year five. Five-year ROI prints 123.55% and total cumulative return in cash totals $219,084.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,925/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 1988
N/A lot
$N/A/sqft
$610 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07081, Springfield, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,018
Single Family
5,932
Multi-Family
1,086
Businesses
789
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Listed by: Steven Merlo • Nexthome New Prospects Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3932291
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