814 Springfield AveCranfordNJ07016
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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 Cranford at 814 Springfield Ave, Cranford, NJ, 07016 priced at $739,000 pairs $5,731/mo rent with $464/mo cash flow after a $3,617/mo payment. Total monthly income equals $5,731/mo, and annual cash flow comes to $5,563/yr on $243,131 invested. Return on cash invested is 22.35% in year one, and rental yield stands at 9.31% on a $739,000 basis. Equity gained on principal adds $4,769/yr, and 5% annual appreciation accumulates to $204,172 by year five. Five-year ROI measures 117.13% and total cumulative return in cash reaches $284,780. For financing, Ziffy Mortgage’s DSCR program evaluates $5,731/mo property income against a $3,617/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07016, Cranford, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,435 (100%) |
| Owner Occupied HU | 6,913 (73.3%) |
| Renter Occupied HU | 2,147 (22.8%) |
| Vacant Housing Units | 375 ( 4.0%) |
| Median Home Value | $669,813 |
| Average Home Value | $714,383 |
Housing Distribution
Address Breakdown
Residential
9,068
Single Family
7,997
Multi-Family
1,071
Businesses
960
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Listed by: Joseph Colamedici • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #4001490