4 Kitchell PlaceWhippanyNJ07981
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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 Whippany at 4 Kitchell Place, Whippany, NJ, 07981 with 5% annual appreciation on a $724,900 basis while $5,402/mo rent supports operations. Total monthly income totals $5,402/mo and a $3,548/mo payment preserves $235/mo for cash returns. Annual cash flow comes to $2,821/yr on $238,492 deployed, and return on cash invested reaches 21.24% in year one. Equity gained on principal adds $4,678/yr, and five-year appreciation sums $200,277 alongside rental yield of 8.94%. Five-year ROI measures 111.22% and total cumulative return in cash totals $265,245.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,402/mo property income versus a $3,548/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1948
0.26 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: Gabrielle Passerini • Weichert Realtors Corp Hq
Mls Name: GSMLS
Mls ID: #4001952