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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Springfield at 445 Morris Ave BLDG A #4, Springfield, NJ, 07081 earns $616/mo cash flow from $2,676/mo rent with a $1,415/mo payment. Total monthly income totals $2,676/mo, and annual cash flow totals $7,387/yr on $95,804 capital. ROI tracks 27.62% on current figures, and rental yield reads 11.11% at a $289,000 purchase. Equity gained on principal adds $1,865/yr, and 5% annual appreciation supports $79,845 over five years. Five-year ROI reaches 145.45% and total cumulative return in cash sums $139,346. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,676/mo property income instead of your personal income.
Condo
Built in 1950
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07081, Springfield, NJ area.
| 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 |
Residential
7,018
Single Family
5,932
Multi-Family
1,086
Businesses
789
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Elizabeth Bataille • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4001588
