88D Troy Dr #88DSpringfieldNJ07081
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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
Investment property for sale in Springfield at 88D Troy Dr #88D, Springfield, NJ, 07081 listed at $342,000 pairs $3,242/mo rent with a $1,674/mo payment to leave $460/mo cash flow. Total monthly income runs $3,242/mo, and annual cash flow reaches $5,522/yr on $113,373 cash to close. Return on cash invested measures 24.78% in year one, and rental yield registers 11.38% at a $342,000 basis. Equity gained on principal adds $2,207/yr, and annual property appreciation at 5% supports $94,488 by year five. Five-year ROI tracks 131.53% and total cumulative return in cash totals $149,122. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,242/mo property income relative to a $1,674/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1958
4,791 sqft lot
$N/A/sqft
$344 monthly 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
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Listed by: Donna Kostovich • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3976426
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