6 Joanne WaySpringfieldNJ07081
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6 Joanne Way, Springfield, NJ, 07081 at $569,999 posts ROI 24.82% with $744/mo cash flow from $4,807/mo rent. Total monthly income equals $4,807/mo, and annual cash flow records $8,928/yr on $187,530 to close. Return on cash invested measures 24.82% and rental yield reads 10.12% at the current $569,999. Equity gained on principal adds $3,678/yr, and 5% annual appreciation supports $157,480 by year five. Five-year ROI prints 130.38% and total cumulative return in cash totals $244,501.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,807/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1963
7,562 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MICHELE KLUG • KELLER WILLIAMS TOWNE SQUARE
Mls Name: All Jersey MLS
Mls ID: #2604239R