238 Riverside DrSpringfieldNJ07081
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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
Investment Highlights
Total monthly income runs $2,628/mo, and a $2,202/mo payment. Purchase price stands at $449,900, and rental yield measures 7.01% with $2,628/mo rent. Return on cash invested shows 15.25% in year one, and 5% annual appreciation builds toward $124,299 over five years. Five-year ROI reaches 79.12% and total cumulative return in cash records $118,006. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,628/mo property income covering a $2,202/mo payment rather than investor’s personal income.
Single Family
Built in N/A
7,405 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: Nelson Mota • Verified Homes
Mls Name: GSMLS
Mls ID: #3998886