802 Brook Hollow DrWhippanyNJ07981
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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
Rental property for sale in Whippany at 802 Brook Hollow Dr, Whippany, NJ, 07981 generates $2,996/mo in rent, after a $2,447/mo payment. Total monthly income is $2,996/mo. Return on cash invested sits at 13.01% in year one, and rental yield is 7.19% on a $499,990 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,138 over five years. Five-year ROI reaches 68.11% and total cumulative return in cash sums $112,889. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,996/mo property income rather than buyer’s personal income.
Condo
Built in 2010
N/A lot
$N/A/sqft
$385 monthly 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: Jennifer Bassolino • Coccia Real Estate Group, Llc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3945639
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