190 Riverside DrSpringfieldNJ07081
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 190 Riverside Dr, Springfield, NJ, 07081 at $925,000 posts ROI 22.15% with $529/mo cash flow from $7,122/mo rent. Total monthly income equals $7,122/mo, and annual cash flow records $6,350/yr on $304,325 to close. Return on cash invested measures 22.15% and rental yield reads 9.24% at the current $925,000. Equity gained on principal adds $5,969/yr, and 5% annual appreciation supports $255,560 by year five. Five-year ROI prints 116.06% and total cumulative return in cash totals $353,185.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $7,122/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
8,712 sqft 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: Lim Bances • Lim Bances Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3970512
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