38 Springfield Ave, Hasbrouck Heights, NJ, 07604 | 3.86% Rental Yield

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38 Springfield Ave, Hasbrouck Heights, NJ, 07604 | 3.86% Rental Yield | 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 Hasbrouck Heights at 38 Springfield Ave, Hasbrouck Heights, NJ, 07604 offers $2,572/mo rent that, after a $3,911/mo payment. Total monthly income is $2,572/mo. Return on cash invested measures 5.8% in year one, and rental yield stands at 3.86% at a $799,000 entry. Equity gained on principal adds $5,156/yr while 5% annual appreciation compounds into $220,749 by year five. Five-year ROI records 28.4% and total cumulative return in cash reaches $74,658. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,572/mo property income versus a $3,911/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

This exceptional bi-level home in Hasbrouck Heights offers 2,666 sq. ft. of versatile living space with a unique multi-level layout. The ground floor features a spacious mother-daughter style apartment, ideal for multi-generational living or rental potential, with a full kitchen, a large bedroom with ample closet space, a full bathroom, and a flexible room perfect as an additional bedroom or home office. A separate entrance and laundry area add convenience. The upper level boasts an open-concept design perfect for entertaining, with a modern granite kitchen, a generous living room, and a dining area. It includes three bedrooms, including a primary suite with a full bath and two large closets. New hardwood flooring graces all bedrooms and hallways. The home features a one-car garage, central air conditioning, and an outdoor shed on beautifully maintained grounds. Located close to town, local amenities, and with easy access for commuting to NYC, this home combines comfort, style, and functionality in one cherry-picked package. Perfect for families seeking space and versatility in a friendly neighborhood.

Neighborhood Data

Neighborhood data shown for ZIP Code: 07604, Hasbrouck Heights, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,728 (100%)
Owner Occupied HU	3,217 (68.0%)
Renter Occupied HU	1,340 (28.3%)
Vacant Housing Units	171 ( 3.6%)
Median Home Value	$598,854
Average Home Value	$643,924