141 Park AveWhippanyNJ07981
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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 Whippany at 141 Park Ave, Whippany, NJ, 07981 earns from $5,081/mo rent with a $4,160/mo payment. Total monthly income totals $5,081/mo. ROI tracks 15.87% on current figures, and rental yield reads 7.17% at a $850,000 purchase. Equity gained on principal adds $5,485/yr, and 5% annual appreciation supports $234,839 over five years. Five-year ROI reaches 82.37% and total cumulative return in cash sums $230,350. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,081/mo property income instead of your personal income.
Single Family
Built in 1947
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07981, Whippany, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,883 (100%) |
| Owner Occupied HU | 3,166 (81.5%) |
| Renter Occupied HU | 554 (14.3%) |
| Vacant Housing Units | 163 ( 4.2%) |
| Median Home Value | $674,150 |
| Average Home Value | $706,285 |
Housing Distribution
Address Breakdown
Residential
3,795
Single Family
3,615
Multi-Family
180
Businesses
384
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Listed by: Jennifer Pickett • Compass New Jersey Llc
Mls Name: GSMLS
Mls ID: #3999373