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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% |
Rental property for sale in Springfield at 15 Center St, Springfield, NJ, 07081 priced at $475,000 converts $3,581/mo rent into $195/mo cash flow after a $2,325/mo obligation. Total monthly income equals $3,581/mo, and annual cash flow totals $2,342/yr on $157,463 invested. Return on cash invested prints 21.4% in year one, and rental yield reads 9.05% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 112.06% and total cumulative return in cash sums $176,455. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,581/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in N/A
4,356 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: Olga C. Ferreira • Ferreira Realty & Associates
Mls Name: GSMLS
Mls ID: #3967010
