Is Parsippany-Troy Hills, NJ a good place to invest in rental property?

Parsippany-Troy Hills, NJ has a median modeled monthly cash flow of $-2,071 and a median cap rate of 2.7%, on a median sold price of $682,500. Prices changed -0.6% year over year.

What is the average cap rate in Parsippany-Troy Hills, NJ?

The median cap rate across recently sold homes in Parsippany-Troy Hills, NJ is 2.7%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Parsippany-Troy Hills, NJ?

The median sold price in Parsippany-Troy Hills, NJ is $682,500 (about $344 per square foot).

Investing in Parsippany-Troy Hills, NJ Real Estate

A data-driven snapshot of the Parsippany-Troy Hills, NJ rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$682,500Median sold price

$344Median $/sqft

2.7%Median cap rate

$-2,071Modeled cash flow / mo

-0.6%Appreciation YoY

5.9Months of supply

61Active listings

124Sold (last 12 mo)

What the Parsippany-Troy Hills numbers say

In Parsippany-Troy Hills, NJ, the median home sold for $682,500 (about $344 per square foot), and the typical deal models out to a 2.7% cap rate with a median $-2,071 of monthly cash flow. Sold prices moved -0.6% over the past year. Inventory sits at about 5.9 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New Jersey markets to compare

See Parsippany-Troy Hills cash-flowing listings

CashFlowRE ranks every for-sale home in Parsippany-Troy Hills, NJ by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Parsippany-Troy Hills deals, or browse the national market data.