504 Meisel AveSpringfieldNJ07081
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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 504 Meisel Ave, Springfield, NJ, 07081 with 5% annual appreciation on a $729,900 basis while $7,080/mo rent supports operations. Total monthly income totals $7,080/mo and a $3,573/mo payment preserves $1,878/mo for cash returns. Annual cash flow comes to $22,535/yr on $240,137 deployed, and return on cash invested reaches 29.44% in year one. Equity gained on principal adds $4,710/yr, and five-year appreciation sums $201,658 alongside rental yield of 11.64%. Five-year ROI measures 155.17% and total cumulative return in cash totals $372,631.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $7,080/mo property income versus a $3,573/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1950
7,840 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: Linda Carvalho • C-21 Main Street Realty
Mls Name: GSMLS
Mls ID: #3988578