21 Woodfield Dr, Whippany, NJ, 07981 | 8.46% Rental Yield

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21 Woodfield Dr, Whippany, NJ, 07981 | 8.46% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Whippany at 21 Woodfield Dr, Whippany, NJ, 07981 listed at $599,900 pairs $4,229/mo rent with a $2,936/mo payment. Total monthly income runs $4,229/mo. Return on cash invested measures 19.78% in year one, and rental yield registers 8.46% at a $599,900 basis. Equity gained on principal adds $3,871/yr, and annual property appreciation at 5% supports $165,741 by year five. Five-year ROI tracks 103.35% and total cumulative return in cash totals $203,980. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,229/mo property income relative to a $2,936/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1955

0.52 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming, 1955 mid-century Ranch-style home, offering timeless character and endless possibilities. Situated on a private, level half-acre lot in the sought-after Bee-Meadow neighborhood of Whippany, this home combines a tranquil setting with unbeatable convenience.Inside, the home retains its original charm, ready for your personal touch. It features 3 bedrooms, including a primary suite with full en-suite bath, plus an additional full bath. A spacious living room with a wood-burning fireplace and hardwood floors throughout provide a warm, inviting atmosphere. A dining room and a finished three-season porch overlooking the backyard add to the home's appeal.Practical features include a 1-car garage, full unfinished basement, hot water baseboard heat, and central air. The home's layout also offers fantastic potential for expansion, whether by addition or a second floor, as many neighboring homes have done.All this comes in a prime location with easy access to major highways, shopping, dining, and recreation along with the benefit of Hanover Township's lowest taxes in the area.This classic Ranch is perfect for those seeking a peaceful neighborhood, a solid home, and the opportunity to create their dream space. HIGHEST & BEST BY 3:00 PM TUESDAY, 8/26.

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