70 Willow Ln, Parsippany, NJ, 07054 | 3.95% Rental Yield

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70 Willow Ln, Parsippany, NJ, 07054 | 3.95% Rental Yield | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Parsippany at 70 Willow Ln, Parsippany, NJ, 07054 earns from $3,290/mo rent with a $4,894/mo payment. Total monthly income totals $3,290/mo. ROI tracks 6.06% on current figures, and rental yield reads 3.95% at a $999,990 purchase. Equity gained on principal adds $6,453/yr, and 5% annual appreciation supports $276,279 over five years. Five-year ROI reaches 29.8% and total cumulative return in cash sums $98,040. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,290/mo property income instead of your personal income.

Townhouse

Built in 2024

N/A lot

$N/A/sqft

No HOA

More details about the property

New home, ready now! This corner home has thoughtfully-designed finishes, and offers stunning curb appeal with hardie plank siding, bronze windows, and a front porch. Enter through the front door into a formal dining room and continue into the wide-open main living area featuring an upscale eat-in kitchen and large living room, all with hardwood flooring. Your new kitchen includes quartz countertops, stainless-steel appliances, a double wall oven, hooded vent, upgraded white cabinetry, large kitchen island, and more. An additional office space and beautiful rear covered porch complete the first floor. Head downstairs to the finished basement where there's more room for entertaining, or space for an extra bedroom. A loft on the second floor greets you when you come upstairs, and two spacious secondary bedrooms, each with their own private bathroom and walk-in closet. Your owner's suite is the most impressive of the bedrooms. A huge spa-like bathroom features a soaking tub, frameless shower, private water closet, and dual vanities. This home is a must see and checks all the boxes. Schedule your tour today, and learn how you can move into this home as soon as this December!

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