160 W Hanover AveParsippany-Troy Hills TwpNJ07869
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Nearby investment properties with comparable prices
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 Parsippany-Troy Hills Twp at 160 W Hanover Ave, Parsippany-Troy Hills Twp, NJ, 07869 with 5% annual appreciation on a $625,000 basis while $5,306/mo rent supports operations. Total monthly income totals $5,306/mo and a $3,059/mo payment preserves $851/mo for cash returns. Annual cash flow comes to $10,214/yr on $205,625 deployed, and return on cash invested reaches 25.03% in year one. Equity gained on principal adds $4,033/yr, and five-year appreciation sums $172,676 alongside rental yield of 10.19%. Five-year ROI measures 131.52% and total cumulative return in cash totals $270,433.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,306/mo property income versus a $3,059/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1974
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07869, Randolph, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
9,418
Single Family
9,317
Multi-Family
101
Businesses
551
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Nearby investment properties with comparable prices
Listed by: Emily Frisch • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3946229
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