28 Fieldstone DrWhippanyNJ07981
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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
Investment Highlights
Rental property for sale in Whippany at 28 Fieldstone Dr, Whippany, NJ, 07981 priced at $660,000 converts $4,913/mo rent into $209/mo cash flow after a $3,230/mo obligation. Total monthly income equals $4,913/mo, and annual cash flow totals $2,508/yr on $217,140 invested. Return on cash invested prints 21.22% in year one, and rental yield reads 8.93% against a $660,000 entry. Equity gained on principal adds $4,259/yr, while 5% annual appreciation compiles into $182,346 by year five. Five-year ROI reaches 111.05% and total cumulative return in cash sums $241,125. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,913/mo property income covering a $3,230/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.46 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
3,795
Single Family
3,615
Multi-Family
180
Businesses
384
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Listed by: Marie Young • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3984891