162 Halsey 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
Investment property for sale in Parsippany at 162 Halsey Rd, Parsippany, NJ, 07054 at $249,900 posts ROI 19.18% with from $1,731/mo rent. Total monthly income equals $1,731/mo. Return on cash invested measures 19.18% and rental yield reads 8.31% at the current $249,900. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,043 by year five. Five-year ROI prints 100.17% and total cumulative return in cash totals $82,982. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,731/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
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: Rajendra Amin • Dream Realty
Mls Name: GSMLS
Mls ID: #3983174