171 Old Bloomfield AveParsippanyNJ07054
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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
Total monthly income runs $2,965/mo, and a $6,608/mo payment. Purchase price stands at $1,350,000, and rental yield measures 2.64% with $2,965/mo rent. Return on cash invested shows 2.1% in year one, and 5% annual appreciation builds toward $372,980 over five years. Five-year ROI reaches 8.52% and total cumulative return in cash records $37,253. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,965/mo property income covering a $6,608/mo payment rather than investor’s personal income.
Single Family
Built in 2026
0.34 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: Derek Loux • Realty Executives Platinum
Mls Name: GSMLS
Mls ID: #3999108