489 S Beverwyck RdParsippanyNJ07054
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow489 S Beverwyck Rd, Parsippany, NJ, 07054 in Parsippany earns its strong cash-flow label: 10.12% yield, $6,149/mo rent, $953/mo net income, DSCR 1.88. The $728,900 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $201,382 by year five. Combined with $6,713/yr in principal paydown, total projected return reaches $340,740.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.2% |
| Monthly Cash Flow | $953 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $6,149 |
| Total Monthly Debt Service | $4,905 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
0.79 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in N/A
0.79 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices