72D Troy Dr BLDG 72 #DSpringfieldNJ07081
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
Rental property for sale in Springfield at 72D Troy Dr BLDG 72 #D, Springfield, NJ, 07081 generates $3,242/mo in rent and, after a $1,610/mo payment, leaves $897/mo in cash flow. Total monthly income is $3,242/mo, and annual cash flow is $10,767/yr on $109,064 invested. Return on cash invested sits at 29.78% in year one, and rental yield is 11.82% on a $329,000 entry. Equity gained on principal adds $2,123/yr, while 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 157.03% and total cumulative return in cash sums $171,261. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,242/mo property income rather than buyer’s personal income.
Condo
Built in 1938
4,791 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: Nicaury Miller • Home Styles Realty
Mls Name: GSMLS
Mls ID: #3983322