83 Lawrence Rd, Parsippany, NJ, 07054 | $386/mo Cash Flow

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83 Lawrence Rd, Parsippany, NJ, 07054 | $386/mo Cash Flow | Ziffy

For Sale

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 83 Lawrence Rd, Parsippany, NJ, 07054 at $575,000 posts ROI 22.51% with $386/mo cash flow from $4,484/mo rent. Total monthly income equals $4,484/mo, and annual cash flow records $4,630/yr on $189,175 to close. Return on cash invested measures 22.51% and rental yield reads 9.36% at the current $575,000. Equity gained on principal adds $3,710/yr, and 5% annual appreciation supports $158,862 by year five. Five-year ROI prints 117.97% and total cumulative return in cash totals $223,175.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,484/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1969

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Ideally located - East facing 4 bedroom 2 full bath with 1 car garage Bi Level in Lake Parsippany on . Since the owner bought it, this home was converted from above ground oil heat to natural gas with baseboard hot water heat, central air, and backup Generac gas generator. Kitchen was updated with stainless steel appliances, breakfast bar, open floor plan between kitchen, dining, and living room. Carpeting was removed to hardwood floors compliment this floor with 3 bedrooms, Jack and Jill full bath, Additionally, kitchenette was added on ground floor which can be a in law suite with separate entrance, family room, bedroom (bdrm doesn't have a closet), and full bath. Furthermore, laundry room/utility room and 1 car garage. Sliders to deck from dining room with stairs to backyard with patio and large metal storage shed. Parsippany Hills School System and minutes from Routes 80, 287, 10, and 46. Convenient to shopping, access to highways, and great walks by the Lake of Parsippany.

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