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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 13 Remer Ave, Springfield, NJ, 07081 listed at $569,000 pairs $4,148/mo rent with a $2,785/mo payment to leave $92/mo cash flow. Total monthly income runs $4,148/mo, and annual cash flow reaches $1,107/yr on $187,201 cash to close. Return on cash invested measures 20.65% in year one, and rental yield registers 8.75% at a $569,000 basis. Equity gained on principal adds $3,672/yr, and annual property appreciation at 5% supports $157,204 by year five. Five-year ROI tracks 108.04% and total cumulative return in cash totals $202,259. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,148/mo property income relative to a $2,785/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1934
3,920 sqft 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Yesenia Alcivar • Signature Realty Nj
Mls Name: GSMLS
Mls ID: #3977063
