14 Skylark RdSpringfieldNJ07081
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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
Rental property for sale in Springfield at 14 Skylark Rd, Springfield, NJ, 07081 priced at $899,000 pairs $8,359/mo rent with $1,951/mo cash flow after a $4,400/mo payment. Total monthly income equals $8,359/mo, and annual cash flow comes to $23,415/yr on $295,771 invested. Return on cash invested is 27.98% in year one, and rental yield stands at 11.16% on a $899,000 basis. Equity gained on principal adds $5,801/yr, and 5% annual appreciation accumulates to $248,377 by year five. Five-year ROI measures 147.32% and total cumulative return in cash reaches $435,730. For financing, Ziffy Mortgage’s DSCR program evaluates $8,359/mo property income against a $4,400/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1964
0.61 Acres 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: Erin Ben-hayon • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4006801