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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Parsippany at 206 Atlantic Dr, Parsippany, NJ, 07054 offers a 8.68% rental yield on a $630,000 purchase with $4,555/mo rent. Total monthly income registers $4,555/mo, and a $3,084/mo payment leaves $64/mo available for distribution. Annual cash flow reaches $768/yr on $207,270 to close, and return on cash invested stands at 20.43% in year one. Equity gained on principal adds $4,065/yr while 5% annual appreciation supports $174,057 over five years. Portfolio math shows five-year ROI at 106.83% and total cumulative return in cash at $221,434. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,555/mo property income against a $3,084/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07054, Parsippany, NJ area.
| 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 |
Residential
11,833
Single Family
10,792
Multi-Family
1,041
Businesses
1,934
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jacqueline Scura • Compass Of New Jersey
Mls Name: GSMLS
Mls ID: #3988284
