33 Warren DrParsippanyNJ07054
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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 Parsippany at 33 Warren Dr, Parsippany, NJ, 07054 generates $4,343/mo in rent and, after a $2,780/mo payment, leaves $295/mo in cash flow. Total monthly income is $4,343/mo, and annual cash flow is $3,536/yr on $186,839 invested. Return on cash invested sits at 21.95% in year one, and rental yield is 9.18% on a $567,900 entry. Equity gained on principal adds $3,665/yr, while 5% annual appreciation builds toward $156,900 over five years. Five-year ROI reaches 115.01% and total cumulative return in cash sums $214,886. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,343/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
3,920 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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