799 Mountain Ave Unit D #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
Investment property for sale in Springfield at 799 Mountain Ave Unit D #D, Springfield, NJ, 07081 uses $115,694 cash to close to unlock $8,863/yr annual cash flow and $739/mo monthly cash flow. Total monthly income runs $3,226/mo, and a $1,708/mo payment keeps the spread at $739/mo. Purchase price stands at $349,000, and rental yield measures 11.09% with $3,226/mo rent. Return on cash invested shows 27.57% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 145.17% and total cumulative return in cash records $167,952. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,226/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Condo
Built in 1959
N/A 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: Lindsey Martinelli • Real
Mls Name: GSMLS
Mls ID: #3975813