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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 22 Lawrence Rd, Parsippany, NJ, 07054 uses $132,567 cash to close to unlock $3,239/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $3,120/mo, and a $1,957/mo payment keeps the spread at $270/mo. Purchase price stands at $399,900, and rental yield measures 9.36% with $3,120/mo rent. Return on cash invested shows 22.35% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 117.16% and total cumulative return in cash records $155,312. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,120/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 1930
3,920 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 |
|---|---|---|
| 2025-02-13 | Price change | $399,900 |
| 2025-01-13 | Price change | $424,900 |
| 2024-12-26 | Price change | $449,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-19 | $5482.12 | 4.50% | $176,100 | N/A |
| 2022-02-19 | $5246.14 | 3.26% | $176,100 | N/A |
| 2021-02-19 | $5080.61 | 5.79% | $176,100 | N/A |
Listed by: Anson K. Tang • Terrie O'connor Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3936478
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.
