445 Morris Ave BLDG 11 #D11SpringfieldNJ07081
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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 445 Morris Ave BLDG 11 #D11, Springfield, NJ, 07081 generates $2,676/mo in rent and, after a $1,346/mo payment, leaves $716/mo in cash flow. Total monthly income is $2,676/mo, and annual cash flow is $8,590/yr on $91,163 invested. Return on cash invested sits at 29.33% in year one, and rental yield is 11.68% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 154.61% and total cumulative return in cash sums $140,951. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,676/mo property income rather than buyer’s personal income.
Condo
Built in 1950
2,613 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: Justin Yuen • Christie's Int. Real Estate Group
Mls Name: GSMLS
Mls ID: #4003175