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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% |
Rental property for sale in Springfield at 55A Troy Dr, Springfield, NJ, 07081 priced at $290,000 converts $3,581/mo rent into $1,514/mo cash flow after a $1,419/mo obligation. Total monthly income equals $3,581/mo, and annual cash flow totals $18,172/yr on $96,135 invested. Return on cash invested prints 38.81% in year one, and rental yield reads 14.82% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 205.45% and total cumulative return in cash sums $197,512. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,581/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in N/A
3,484 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 |
|---|---|---|
| 2025-07-16 | Sold | $290,000 |
| 2025-05-23 | Pending sale | $259,000 |
| 2025-05-14 | Listed for sale | $259,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Scott Shuman • Keller Williams Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3962966
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 2025 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.
