161 Flemington DrParsippanyNJ07054
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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 161 Flemington Dr, Parsippany, NJ, 07054 priced at $350,000 pairs $3,847/mo rent with $1,352/mo cash flow after a $1,713/mo payment. Total monthly income equals $3,847/mo, and annual cash flow comes to $16,228/yr on $116,025 invested. Return on cash invested is 33.9% in year one, and rental yield stands at 13.19% on a $350,000 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,699 by year five. Five-year ROI measures 179.1% and total cumulative return in cash reaches $207,806. For financing, Ziffy Mortgage’s DSCR program evaluates $3,847/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1937
3,920 sqft lot
$N/A/sqft
No 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: Andrea Martone • Realty Executives Platinum
Mls Name: GSMLS
Mls Provider:
Mls ID: #3928653
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