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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Springfield at 8C Troy Dr UNIT C, Springfield, NJ, 07081 priced at $389,000 pairs $3,242/mo rent with $137/mo cash flow after a $1,904/mo payment. Total monthly income equals $3,242/mo, and annual cash flow comes to $1,647/yr on $128,954 invested. Return on cash invested is 21.19% in year one, and rental yield stands at 10% on a $389,000 basis. Equity gained on principal adds $2,510/yr, and 5% annual appreciation accumulates to $107,474 by year five. Five-year ROI measures 112.05% and total cumulative return in cash reaches $144,498. For financing, Ziffy Mortgage’s DSCR program evaluates $3,242/mo property income against a $1,904/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1958
4,791 sqft lot
$N/A/sqft
$332 monthly 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 |
|---|---|---|
| 2024-10-01 | Listed for sale | $389,000 |
| 2024-09-13 | Listing removed | $2,850 |
| 2024-09-07 | Listed for rent | $2,850 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Alyssa Pereira • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3926920
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
