12 Edgewood Ave, Springfield, NJ, 07081 | 7.77% Rental Yield

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12 Edgewood Ave, Springfield, NJ, 07081 | 7.77% 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

Investment property for sale in Springfield at 12 Edgewood Ave, Springfield, NJ, 07081 offers a 7.77% rental yield on a $675,000 purchase with $4,373/mo rent. 69% in year one. Equity gained on principal adds $4,356/yr while 5% annual appreciation supports $186,490 over five years. Portfolio math shows five-year ROI at 92.15% and total cumulative return in cash at $204,651. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,373/mo property income against a $3,304/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1957

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to your dream home! A fully renovated 3 bedroom, 2 bath home perfectly situated just minutes from the prestigious Baltusrol Golf Club. Step inside to an open-concept layout designed for both comfort and entertaining. The hardwood floors gleam under recessed lighting, while the kitchen serves as the heart of the home, boasting quartz countertops, sleek island, quartz backsplash, custom cabinetry, and premium stainless steel appliances. It's the perfect space for culinary creations. Both full bathrooms have been completely modernized with designer vanities, contemporary light fixtures, luxurious tile finishes, including a marble shower floor that evokes a boutique hotel spa experience. Upstairs, three spacious bedrooms provide serene retreats, each thoughtfully designed with modern finishes and plenty of natural light. The lower level features a large family room and a second full bath, offering versatile space for movie nights or a playroom. The enclosed porch adds extra functional living space, ideal for a home office or cozy reading nook. Step outside to a private backyard, perfect for outdoor entertaining, relaxing, or creating your own garden oasis. Enjoy access to the town community pool, hiking trails, the convenience of top-rated schools, shopping, dining, proximity to airport & easy commute to NYC. The home is a short drive from Jersey Shore beaches and the Poconos Mountains, making it easy to embrace an active lifestyle.

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