110 Baltusrol WaySpringfieldNJ07081
Nearby investment properties with comparable rents
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
Rental property for sale in Springfield at 110 Baltusrol Way, Springfield, NJ, 07081 priced at $499,000 converts $3,734/mo rent into $178/mo cash flow after a $2,442/mo obligation. Total monthly income equals $3,734/mo, and annual cash flow totals $2,131/yr on $165,419 invested. Return on cash invested prints 21.2% in year one, and rental yield reads 8.98% against a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation compiles into $137,865 by year five. Five-year ROI reaches 110.99% and total cumulative return in cash sums $183,594. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,734/mo property income covering a $2,442/mo payment, not borrower’s personal income.
Single Family
Built in 1943
5,227 sqft lot
$N/A/sqft
No 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: Michael Martinetti • Keller Williams Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3979500
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