216 Emily PlParsippanyNJ07054
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 216 Emily Pl, Parsippany, NJ, 07054 priced at $615,000 converts $4,638/mo rent into $255/mo cash flow after a $3,010/mo obligation. Total monthly income equals $4,638/mo, and annual cash flow totals $3,054/yr on $202,335 invested. Return on cash invested prints 21.57% in year one, and rental yield reads 9.05% against a $615,000 entry. Equity gained on principal adds $3,969/yr, while 5% annual appreciation compiles into $169,913 by year five. Five-year ROI reaches 112.95% and total cumulative return in cash sums $228,545. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,638/mo property income covering a $3,010/mo payment, not borrower’s personal income.
Townhouse
Built in 2001
2,178 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Molinari • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3974979