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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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Listed by: Margaret Dawn Smith • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3952060
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Investment property for sale in Springfield at 74 Meisel Ave, Springfield, NJ, 07081 offers a 8.83% rental yield on a $649,000 purchase with $4,777/mo rent. Total monthly income registers $4,777/mo, and a $3,177/mo payment leaves $151/mo available for distribution. Annual cash flow reaches $1,807/yr on $213,521 to close, and return on cash invested stands at 20.91% in year one. Equity gained on principal adds $4,188/yr while 5% annual appreciation supports $179,307 over five years. Portfolio math shows five-year ROI at 109.4% and total cumulative return in cash at $233,592. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,777/mo property income against a $3,177/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
7,405 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 |
|---|---|---|
| 2025-03-20 | Listed for sale | $649,000 |
| 2025-03-13 | Listed for rent | $3,995 |
| 2025-03-13 | Listing removed | $4,200 |
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-22 | $10518.88 | 1.67% | $442,900 | N/A |
| 2023-03-22 | $10346.14 | 7.70% | $442,900 | N/A |
| 2022-03-22 | $9606.50 | -8.75% | $442,900 | 213.22% |
