117 Warwick Cir, Springfield, NJ, 07081 | 7.64% Rental Yield

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117 Warwick Cir, Springfield, NJ, 07081 | 7.64% Rental Yield | 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

Rental property for sale in Springfield at 117 Warwick Cir, Springfield, NJ, 07081 priced at $749,000 pairs $4,770/mo rent with after a $3,666/mo payment. Total monthly income equals $4,770/mo. Return on cash invested is 17.29% in year one, and rental yield stands at 7.64% on a $749,000 basis. Equity gained on principal adds $4,833/yr, and 5% annual appreciation accumulates to $206,935 by year five. Five-year ROI measures 90.02% and total cumulative return in cash reaches $221,836. For financing, Ziffy Mortgage’s DSCR program evaluates $4,770/mo property income against a $3,666/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1959

0.31 Acres lot

$N/A/sqft

No HOA

More details about the property

Step into this beautifully refreshed ranch, where warmth and comfort shine through every detail. Freshly painted interiors and newly stained hardwood floors set the tone with a welcoming, move-in ready feel the moment you arrive. The open-concept layout seamlessly connects the kitchen, dining, living, and family rooms, creating bright and versatile spaces perfect for everyday living and entertaining. With three spacious bedrooms and two full baths, there's room for everyone to feel at home.Downstairs, the partially finished basement offers even more living space perfect for a playroom, home office, gym, or cozy hangout. Outdoors, a large deck overlooks the expansive, flat, fully fenced yard, ideal for summer barbecues, gardening, or simply relaxing in a private retreat. An attached one-car garage and a two-car driveway provide ample parking and convenience. This home beautifully combines charm, function and flexibility, ready to welcome its next owners. This home is set on a quiet street in one of Springfield's most sought-after neighborhoods, it's ideally located across from the prestigious Baltusrol Golf Club & just minutes from parks, schools, shopping, dining, NYC transportation (only a block away!), major highways & Newark airport.

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