Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 51C Troy Dr UNIT C, Springfield, NJ, 07081 with 5% annual appreciation on a $370,000 basis while $3,242/mo rent supports operations. Total monthly income totals $3,242/mo and a $1,811/mo payment preserves $239/mo for cash returns. Annual cash flow comes to $2,864/yr on $122,655 deployed, and return on cash invested reaches 22.24% in year one. Equity gained on principal adds $2,388/yr, and five-year appreciation sums $102,224 alongside rental yield of 10.51%. Five-year ROI measures 117.89% and total cumulative return in cash totals $144,593.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,242/mo property income versus a $1,811/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1940
4,791 sqft lot
$N/A/sqft
$366 monthly 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 |
|---|---|---|
| 2024-09-17 | Listed for sale | $370,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jack Qizhan Yao • Realmart Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3924492
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
