19 Tremley CtParsippanyNJ07054
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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 19 Tremley Ct, Parsippany, NJ, 07054 generates $5,324/mo in rent and, after a $3,304/mo payment, leaves $513/mo in cash flow. Total monthly income is $5,324/mo, and annual cash flow is $6,150/yr on $222,075 invested. Return on cash invested sits at 22.83% in year one, and rental yield is 9.46% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 119.71% and total cumulative return in cash sums $265,851. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,324/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
6,098 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-19 | Listed for sale | $675,000 |
| 2024-05-02 | Listing removed | $499,900 |
| 2023-05-23 | Listing removed | N/A |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-21 | $9338.11 | 2.27% | $268,800 | N/A |
| 2023-04-21 | $9131.14 | 4.11% | $268,800 | N/A |
| 2022-04-21 | $8770.94 | 7.03% | $268,800 | 3.94% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1957
- Architectural Style: N/A
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: 1 Unit, Forced Air, Natural Gas
- Cooling: 1 Unit
- Flooring: Laminate, Wood
- Interior Features: Bedroom
- Exterior Features: Curbs
- Parking Features: 1 Car Width, Asphalt, Built-In Garage
Location
- City: Parsippany
- State: NJ
- Subdivision: Lake Parsippany
- Lot Size: 6,098 sqft
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Underground Utilities, Electricity Connected, Natural Gas Connected, Cable Available, Garbage Included
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Eastlake
- Middle School: Brooklawn
- High School: Par-hills
Listed by: Audrey Ferrante • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3957602
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.