35 Tooker PlSpringfieldNJ07081
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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
Rental property for sale in Springfield at 35 Tooker Pl, Springfield, NJ, 07081 offers $4,550/mo rent that, after a $3,607/mo payment. Total monthly income is $4,550/mo. Return on cash invested measures 16.58% in year one, and rental yield stands at 7.41% at a $737,000 entry. Equity gained on principal adds $4,756/yr while 5% annual appreciation compounds into $203,620 by year five. Five-year ROI records 86.22% and total cumulative return in cash reaches $209,056. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,550/mo property income versus a $3,607/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
6,534 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: Cynthia Apicella • Keller Williams Mid-Town Direct
Mls Name: GSMLS
Mls Provider:
Mls ID: #3964957
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