11 Bogota RdParsippanyNJ07054
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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 Bogota Rd, Parsippany, NJ, 07054 offers $3,421/mo rent that, after a $2,447/mo payment. Total monthly income is $3,421/mo. Return on cash invested measures 18.77% in year one, and rental yield stands at 8.21% at a $500,000 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,141 by year five. Five-year ROI records 98.01% and total cumulative return in cash reaches $162,452. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,421/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
5,009 sqft lot
$N/A/sqft
$15 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: N/A • N/A
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