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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Whippany at 8 Frank Ter, Whippany, NJ, 07981 priced at $599,900 converts $4,195/mo rent into after a $2,936/mo obligation. Total monthly income equals $4,195/mo. Return on cash invested prints 19.57% in year one, and rental yield reads 8.39% against a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation compiles into $165,741 by year five. Five-year ROI reaches 102.24% and total cumulative return in cash sums $201,796. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,195/mo property income covering a $2,936/mo payment, not borrower’s personal income.
Single Family
Built in 1961
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07981, Whippany, NJ area.
| 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 |
Residential
3,795
Single Family
3,615
Multi-Family
180
Businesses
384
Date | Event | Price |
|---|---|---|
| 2024-10-10 | Listed for sale | $599,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $7934.22 | 4.22% | $378,000 | N/A |
| 2022-10-18 | $7612.92 | 4.90% | $378,000 | N/A |
| 2021-10-18 | $7257.60 | 1.48% | $378,000 | N/A |
Listed by: Anthony Frederico • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3927604
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
