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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% |
Rental property for sale in Parsippany at 260 Old Bloomfield Ave, Parsippany, NJ, 07054 generates $5,250/mo in rent and, after a $3,426/mo payment, leaves $261/mo in cash flow. Total monthly income is $5,250/mo, and annual cash flow is $3,131/yr on $230,267 invested. Return on cash invested sits at 21.42% in year one, and rental yield is 9% on a $699,900 entry. Equity gained on principal adds $4,516/yr, while 5% annual appreciation builds toward $193,369 over five years. Five-year ROI reaches 112.15% and total cumulative return in cash sums $258,236. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,250/mo property income rather than buyer’s personal income.
Multi Family
Built in 1940
0.38 Acres 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: John Bowman • Pmi Prime Property Services
Mls Name: GSMLS
Mls ID: #3978570
