3306 Appleton WayWhippanyNJ07981
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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 3306 Appleton Way, Whippany, NJ, 07981 generates $0/mo in rent, after a $1,664/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -5.89% in year one, and rental yield is 0% on a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation builds toward $93,936 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Condo
Built in 1993
4,356 sqft 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Caroline Garguilo • Keller Williams Realty
Mls Name: GSMLS
Mls ID: #3995162