156 Mountain Ave #2SpringfieldNJ07081
Nearby investment properties with comparable rents
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
Investment property for sale in Springfield at 156 Mountain Ave #2, Springfield, NJ, 07081 with 5% annual appreciation on a $477,900 basis while $3,967/mo rent supports operations. Total monthly income totals $3,967/mo and a $2,339/mo payment preserves $191/mo for cash returns. Annual cash flow comes to $2,288/yr on $158,424 deployed, and return on cash invested reaches 21.35% in year one. Equity gained on principal adds $3,084/yr, and five-year appreciation sums $132,035 alongside rental yield of 9.96%. Five-year ROI measures 112.83% and total cumulative return in cash totals $178,757.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,967/mo property income versus a $2,339/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2018
N/A lot
$N/A/sqft
$370 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richesh Pareek • Elite Realtors Of New Jersey
Mls Name: GSMLS
Mls Provider:
Mls ID: #3956567
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.