1906 Park Pl, Springfield, NJ, 07081 | $1,063/mo Cash Flow

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1906 Park Pl, Springfield, NJ, 07081 | $1,063/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Springfield at 1906 Park Pl, Springfield, NJ, 07081 offers a 10.52% rental yield on a $649,000 purchase with $5,689/mo rent. Total monthly income registers $5,689/mo, and a $3,177/mo payment leaves $1,063/mo available for distribution. Annual cash flow reaches $12,751/yr on $213,521 to close, and return on cash invested stands at 26.03% in year one. Equity gained on principal adds $4,188/yr while 5% annual appreciation supports $179,307 over five years. Portfolio math shows five-year ROI at 136.88% and total cumulative return in cash at $292,272. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,689/mo property income against a $3,177/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 1989

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover this spacious 2 bedroom, 3.5 bath in a highly desirable community known for convenience, comfort and great amenities. a marble foyer, hardwood floors in living and dining rooms - an inviting layout with generous closet space throughout. Second floor offers a master en suite with vaulted ceilings, three closets, and a soaking tub. The second bedroom allows for a comfortable retreat. Residents have access to top tier amenities including a heated saltwater pool, pickleball courts and clubhouse. ideally located with easy access to Westfield, Millburn and Summit, offering great shopping, dining and commuter options.A wonderful opportunity to enjoy low-maintenance living in a sought-after location.Fireplace, chimney, flue, dryer and central vac conveyed in "as is" condition.

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