11 B Quaker LaneParsippanyNJ07054
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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 Parsippany at 11 B Quaker Lane, Parsippany, NJ, 07054 priced at $122,000 pairs $1,267/mo rent with $58/mo cash flow after a $597/mo payment. Total monthly income equals $1,267/mo, and annual cash flow comes to $690/yr on $40,443 invested. Return on cash invested is 21.62% in year one, and rental yield stands at 12.46% on a $122,000 basis. Equity gained on principal adds $787/yr, and 5% annual appreciation accumulates to $33,706 by year five. Five-year ROI measures 116.93% and total cumulative return in cash reaches $47,291. For financing, Ziffy Mortgage’s DSCR program evaluates $1,267/mo property income against a $597/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
$340 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07054, Parsippany, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,825 (100%) |
| Owner Occupied HU | 6,548 (51.1%) |
| Renter Occupied HU | 5,656 (44.1%) |
| Vacant Housing Units | 621 ( 4.8%) |
| Median Home Value | $599,652 |
| Average Home Value | $608,694 |
Housing Distribution
Address Breakdown
Residential
11,833
Single Family
10,792
Multi-Family
1,041
Businesses
1,934
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Listed by: Erica Manderson • Keller Williams Princeton R.E.
Mls Name: MOMLS
Mls Provider:
Mls ID: #22507716
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.