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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 240 Camden Rd, Parsippany, NJ, 07054 uses $157,463 cash to close to unlock $11,846/yr annual cash flow and $987/mo monthly cash flow. Total monthly income runs $4,373/mo, and a $2,325/mo payment keeps the spread at $987/mo. Purchase price stands at $475,000, and rental yield measures 11.05% with $4,373/mo rent. Return on cash invested shows 27.43% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 144.43% and total cumulative return in cash records $227,419. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,373/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6,534 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 |
|---|---|---|
| 2024-09-25 | Listing removed | $475,000 |
| 2024-09-13 | Listed for sale | $475,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-12 | $7924.02 | 0.59% | $231,900 | N/A |
| 2023-03-12 | $7877.65 | 4.11% | $231,900 | N/A |
| 2022-03-12 | $7566.90 | 2.97% | $231,900 | N/A |
Listed by: Erica Tattersall • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3950081
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.
