197 Whippany RdWhippanyNJ07981
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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 Whippany at 197 Whippany Rd, Whippany, NJ, 07981 priced at $499,000 pairs $4,367/mo rent with $811/mo cash flow after a $2,442/mo payment. Total monthly income equals $4,367/mo, and annual cash flow comes to $9,727/yr on $165,419 invested. Return on cash invested is 25.79% in year one, and rental yield stands at 10.5% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 135.61% and total cumulative return in cash reaches $224,322. For financing, Ziffy Mortgage’s DSCR program evaluates $4,367/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1820
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07981, Whippany, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,883 (100%) |
| Owner Occupied HU | 3,166 (81.5%) |
| Renter Occupied HU | 554 (14.3%) |
| Vacant Housing Units | 163 ( 4.2%) |
| Median Home Value | $674,150 |
| Average Home Value | $706,285 |
Housing Distribution
Address Breakdown
Residential
3,795
Single Family
3,615
Multi-Family
180
Businesses
384
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Listed by: Madeline Lipkin • Weichert Realtors Corp Hq
Mls Name: GSMLS
Mls ID: #3979561