32 Absecon RdParsippanyNJ07054
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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
Investment property for sale in Parsippany at 32 Absecon Rd, Parsippany, NJ, 07054 with 5% annual appreciation on a $580,000 basis while $3,976/mo rent supports operations. 06% in year one. Equity gained on principal adds $3,743/yr, and five-year appreciation sums $160,243 alongside rental yield of 8.23%. Five-year ROI measures 99.52% and total cumulative return in cash totals $189,909. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,976/mo property income versus a $2,839/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
8,712 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
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Listed by: N/A • N/A
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