32 Ruby St, Springfield, NJ, 07081 | $443/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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32 Ruby St, Springfield, NJ, 07081 | $443/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

Rental property for sale in Springfield at 32 Ruby St, Springfield, NJ, 07081 priced at $729,999 converts $5,646/mo rent into $443/mo cash flow after a $3,573/mo obligation. Total monthly income equals $5,646/mo, and annual cash flow totals $5,312/yr on $240,170 invested. Return on cash invested prints 22.27% in year one, and rental yield reads 9.28% against a $729,999 entry. Equity gained on principal adds $4,711/yr, while 5% annual appreciation compiles into $201,685 by year five. Five-year ROI reaches 116.72% and total cumulative return in cash sums $280,334. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,646/mo property income covering a $3,573/mo payment, not borrower’s personal income.

Single Family

Built in 1961

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 32 Ruby Street, a beautifully maintained four-bedroom, four-full-bath home in the heart of Springfield, NJ. This spacious residence offers a versatile layout designed for comfort and convenience. The primary bedroom features its own full bathroom and a private entrance directly from the garage, providing both ease of access and privacy. A second entry through the laundry room offers additional access to the main living area. The living and dining room combination is generously sized, providing ample space for a full dining set and living room arrangement?perfect for gatherings and entertaining. The kitchen showcases granite countertops, stainless-steel appliances, and an extended layout with a long hallway and large pantry, enhancing both flow and functionality. A fully finished basement adds additional living space that can serve as a recreation area, home office, or guest suite, while the backyard offers plenty of room for outdoor enjoyment. Conveniently located near NJ Transit bus service, the Springfield Park & Ride jitney to Short Hills Train Station, and the Garden State Parkway, this home offers easy access to New York City, shopping, schools, and parks?combining comfort, accessibility, and suburban charm.Professional photos will be uploaded on Monday

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