7 Berkshire StWhippanyNJ07981
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder7 Berkshire St, Whippany, NJ, 07981 in Whippany is a stable, well-positioned rental at $699,999. Rental yield 7.04%. DSCR 1.30 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $193,397 in value and $6,447/yr in principal paydown builds equity, a total projected return of $211,417.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 6.2% |
| Monthly Cash Flow | $(883) | $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 | $4,106 |
| Total Monthly Debt Service | $4,711 |
| DSCR Ratio | 0.87x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1956
0.34 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
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 1956
0.34 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Malcolm Miller • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3988496