445 Morris Ave #11-DSpringfieldNJ07081
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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
Investment property for sale in Springfield at 445 Morris Ave #11-D, Springfield, NJ, 07081 listed at $275,000 pairs $1,934/mo rent with a $1,346/mo payment. Total monthly income runs $1,934/mo. Return on cash invested measures 19.56% in year one, and rental yield registers 8.44% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 102.22% and total cumulative return in cash totals $93,191. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,934/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1950
2,469 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: N/A • CHRISTIES INTERNATIONAL RE GRP
Mls Name: All Jersey MLS
Mls ID: #2609041R