This 4-bed, 2.5-bath single-family home in Parsippany Troy Hills sits in a high-demand Morris County neighborhood, offering strong rental potential. Based on local comps, the monthly rent range is $3,200–$4,500, suggesting annual revenue between $38.4K and $54K. At these rates, a buyer could see a payback period of roughly 12–17 years, depending on acquisition price and holding costs. The home’s features—central air, attached garage, updated appliances, full basement, and proximity to parks and commuter routes—boost tenant appeal. The property’s age (built 1999) and curb appeal are positives, though competition from newer builds and seasonal demand shifts may pose challenges.
To maximize rental income, consider light cosmetic upgrades—fresh paint, modern fixtures, and landscaping—plus marketing the home’s family-friendly layout and school district. If selling, highlight rental potential and low-maintenance features to attract investor-buyers. Owners should keep the property well-maintained to minimize vacancy and command premium rent, while possibly exploring furnished or corporate rental options for added upside.