This single-family home in Parsippany Troy Hills Township offers 4 bedrooms and 2.5 baths, appealing to families seeking space and convenience. Based on local comps, the rent potential ranges from $3,200 to $4,500 per month, translating to an annual gross revenue between $38.4K and $54K. With the current market favoring updated properties in this neighborhood and demand for spacious rentals remaining strong, the estimated payback period (ignoring expenses) would fall between 12-17 years relative to a $600K–$700K valuation. Features like central air, garage, basement, and a modern layout enhance rental appeal, though the lack of recent renovations may limit the top end of rent potential.

To maximize rental income, consider modest upgrades to kitchens and baths, fresh paint, and energy-efficient fixtures. If selling, highlight the strong family-oriented demand, proximity to local amenities, and versatility of the layout. For investors, marketing towards executive relocations or multi-generational families could capture higher rents. Staying competitive with minor cosmetic updates and maintaining curb appeal should help secure tenants at the higher end of the range.