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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 Parsippany Troy Hills Twp at 160 W Hanover Ave, Parsippany Troy Hills Twp, NJ, 07869 offers $5,724/mo rent that, after a $2,814/mo payment, leaves $1,626/mo cash flow. Total monthly income is $5,724/mo, and annual cash flow is $19,510/yr on $189,175 cash. Return on cash invested measures 30.37% in year one, and rental yield stands at 11.95% at a $575,000 entry. Equity gained on principal adds $3,710/yr while 5% annual appreciation compounds into $158,862 by year five. Five-year ROI records 160.16% and total cumulative return in cash reaches $302,975. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,724/mo property income versus a $2,814/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07869, Randolph, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,544 (100%) |
| Owner Occupied HU | 6,953 (72.9%) |
| Renter Occupied HU | 2,335 (24.5%) |
| Vacant Housing Units | 256 ( 2.7%) |
| Median Home Value | $681,085 |
| Average Home Value | $728,556 |
Residential
9,418
Single Family
9,317
Multi-Family
101
Businesses
551
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Francesca Sinacori • New And Modern Group
Mls Name: GSMLS
Mls ID: #3981200
