71 Battle Hill Ave · Springfield, NJ 07081-1911

$449,900

3 bd · 1.0 ba · 1,104 sqft · SingleFamily public records · 13 Days on market

Built 1924 7,840 sqft lot

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +7.9/30.0
• ARV discount +7.5/15.0
• Appreciation +5.0/10.0
• 1% rule +3.1/10.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.0/10.0

Listing remarks

Opportunity knocks for investors, builders, or buyers looking to create their dream home on one of Springfield's most sought-after streets. This charming 3-bedroom, 1-bath single-family home sits on a 50x155 lot, offering ample space and potential. Built with good bones and nestled in a wonderful, established neighborhood, this property is the perfect canvas for bringing your vision to life and transforming it into something truly special. The expansive backyard offers endless possibilities for a beautiful outdoor entertaining space, a garden oasis, or a future addition with ample room to grow. Located in the desirable Battle Hill area of Springfield, just minutes from top-rated schools, ma

Key facts

• Top rated schools
• Expansive backyard
• Shopping and dining

Tags

• EXPANSIVE BACKYARD
• TOP RATED SCHOOLS
• MAJOR COMMUTER ROUTES
• SHOPPING AND DINING

Property features AI

Exterior

• Parking: Blacktop driveway, single-car width; No garage
• Utilities: Electric service; Natural gas service; Public water; Public sewer
• Home design: Colonial style; Light blue exterior color; Approximate year built
• Construction: Vinyl siding construction; Asphalt shingle roof; Approximate construction year
• Exterior features: Deck; Vinyl siding; Asphalt shingle roof

Interior

• Kitchen: Galley-style kitchen, approximately 9 x 16; Gas range/oven
• Bedrooms: Second-floor bedroom, approximately 10 x 10; Second-floor bedroom, approximately 10 x 8; Second-floor bedroom, approximately 8 x 9
• Flooring: Laminate flooring
• Bathrooms: 1 full bathroom
• Heating & cooling: Hot water radiators with natural gas heat; Wall air-conditioning unit(s)
• Interior features: Blinds
• Laundry & utility: Water heater connected from the furnace

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $450k.

Deal economics

• At list price, monthly cash flow is $-480 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $365k (18.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $362k (19.4% below list).
• Recommended offer: $362k (19.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Springfield Public School District (suburban): math 25% / reading 25% proficiency, ranked #350 of 472 in NJ (top 74%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; only 8% free/reduced lunch — higher-income household profile.
• Market conditions: 2 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); 1,749 units permitted in Union County in 2024 (1,421 in 5+ unit buildings).

Forward outlook

• In year one you build about $17k of equity ($3k loan paydown + $13k appreciation (3.0% local appreciation)).
• Union County population projected at +17% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 3, paydown + projected appreciation supports a ~$41k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $362,484 (19.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.81% ✗
• Cap rate: 5.01%
• Cash-on-cash: -4.57%
• DSCR: 0.80
• GRM: 10.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 3.3%
• Equity multiple: 1.19×
• Total profit: $23,825
• Equity at exit: $202,295

10-year hold

• IRR: 6.7%
• Equity multiple: 2.02×
• Total profit: $128,001
• Equity at exit: $311,760

Cash invested: $125,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 21 Tenant-Leaning
• State New Jersey: 21 Tenant-Leaning · D+6
• County: — inherits STATE
• City: — inherits STATE

Anti-eviction Act requires just-cause statewide; rent control in 100+ municipalities; one of the most tenant-friendly states.

Methodology + full state rankings →

ZIP-level market 07081-1911

• Active inventory: 2
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $3,625 high
• Mortgage (P&I): −$2,359
• Tax from tax record: −$797 /mo · $9,562/yr
• Insurance: −$187
• HOA: −$0
• Vacancy / Maint / Mgmt: −$761
• Net cashflow: $-480

Break-even live

Break-even rent $4,232

Max offer price $365,107

Occupancy floor —

Sensitivity live

Price	-10% $-225	-5% $-353	+0% $-480	+5% $-607	+10% $-735
Rent	-10% $-766	-5% $-623	+0% $-480	+5% $-337	+10% $-194
Rate	-1.0pp $-253	-0.5pp $-366	base $-480	+0.5pp $-597	+1.0pp $-715

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $112,475
• Closing costs: $13,497
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
118 Victory Rd Springfield, NJ	1.0–2.0	1.0–2.0	1095	$3,125	$2.85	25d	1	0.45mi
84 Wabeno Ave Springfield, NJ	1.0–2.0	1.0	663	$2,707	$4.08	2d	10	0.45mi
200 Springfield Ave Springfield, NJ	1.0–2.0	1.0–2.0	1022	$3,495	$3.42	2d	2	0.46mi
92 Millburn Ave Springfield, NJ	1.0–3.0	1.0–4.0	1923	$8,745	$4.55	0d	7	1.24mi
2400 Vauxhall Rd Union, NJ	1.0–3.0	1.0–2.5	1132	$3,730	$3.30	0d	1	1.36mi
212 Westchester Ct #8 Union, NJ	3.0	3.0	1437	$3,900	$2.71	2d	1	1.47mi

Listing history 10 events

1. 2026-06-18
   days on market $449,900 Active 13 DOM
2. 2026-06-17
   days on market $449,900 Active 12 DOM
3. 2026-06-16
   days on market $449,900 Active 11 DOM
4. 2026-06-15
   days on market $449,900 Active 10 DOM
5. 2026-06-13
   days on market $449,900 Active 8 DOM
6. 2026-06-13
   days on market $449,900 Active 7 DOM
7. 2026-06-09
   days on market $449,900 Active 4 DOM
8. 2026-06-08
   days on market $449,900 Active 3 DOM
9. 2026-06-07
   remarks 699-char remark
10. 2026-06-07
    listed $449,900 Active 2 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NJ · Partial reset (capped growth)

• Current annual tax: $9,562 · $797/mo
• Projected year-2 tax: $10,382 · $865/mo
• Expected delta: +$820/yr (+$68/mo · 8.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 49% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥101°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $43,498
• − Mortgage interest: −$25,201
• − Property taxes: −$9,562
• − Insurance: −$2,250
• − Repairs & maintenance: −$3,480
• − Management: −$3,480
• − Depreciation: −$13,088
• Taxable loss: −$13,563
• Est. tax savings @ 24.0%: +$3,255
• After-tax cash flow: $-2,505/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Springfield Public School District
• NCES district ID: 3415630
• Math proficiency: 25% ▼ -27.00%
• Reading proficiency: 25% ▼ -43.00%
• Median HH income: $93,744
• Composite: 26.25/100
• National rank: #7255
• State rank: #350 of 472 in NJ

Livability — Springfield

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

No demographic data for this ZIP.

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.05%
• F500 in state: 34

Industry mix (Fortune 500 HQ in NJ)

Industry	F500 HQs	Revenue
▸Consumer Goods	3	$31B
▸Pharmaceuticals	2	$153B
▸Technology	2	$21B
▸Insurance	2	$20B
▸Healthcare	2	$19B
▸Financial Services	1	$70B

Price history

1 event — show timeline

• 2026-06-05 Listed $449,900 GSMLS

Property tax history

+3.0%/yr

Latest (2025): $9,562 · +1.5% YoY. Source: county tax records.