17 Springview 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
Investment property for sale in Parsippany at 17 Springview Dr, Parsippany, NJ, 07054 offers a 8.35% rental yield on a $655,000 purchase with $4,560/mo rent. 45% in year one. Equity gained on principal adds $4,227/yr while 5% annual appreciation supports $180,964 over five years. Portfolio math shows five-year ROI at 101.63% and total cumulative return in cash at $219,011. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,560/mo property income against a $3,206/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.64 Acres 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: Kathryn Masters • Keller Williams Metropolitan
Mls Name: GSMLS
Mls ID: #3984127