10 Little John RdMorris PlainsNJ07950
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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
Investment property for sale in Morris Plains at 10 Little John Rd, Morris Plains, NJ, 07950 listed at $699,900 pairs $0/mo rent with a $3,426/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -5.94% in year one, and rental yield registers 0% at a $699,900 basis. Equity gained on principal adds $4,516/yr, and annual property appreciation at 5% supports $193,369 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $3,426/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
0.34 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 07950, Morris Plains, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,711 (100%) |
| Owner Occupied HU | 6,123 (70.3%) |
| Renter Occupied HU | 2,342 (26.9%) |
| Vacant Housing Units | 246 ( 2.8%) |
| Median Home Value | $634,438 |
| Average Home Value | $657,576 |
Housing Distribution
Address Breakdown
Residential
8,505
Single Family
7,757
Multi-Family
748
Businesses
511
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-10 | Listed for sale | $699,900 |
| 2004-03-30 | Sold | $470,000 |
| 2004-01-12 | Sold | $459,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $11916.56 | 4.54% | $357,000 | N/A |
| 2022-10-18 | $11398.91 | 2.97% | $357,000 | N/A |
| 2021-10-18 | $11070.47 | 5.80% | $357,000 | N/A |
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No similar rental properties found nearby.
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1955
- Architectural Style: N/A
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: 1 Unit, Forced Air, Natural Gas
- Cooling: 1 Unit, Central Air
- Flooring: Wood
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: 1 Car Width, 2 Car Width, Detached Garage
Location
- City: Morris Plains
- State: NJ
- Subdivision: Sedgefield
- Lot Size: 0.34 Acres
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Connected, Natural Gas Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Littleton
- Middle School: Brooklawn
- High School: Par-hills
Listed by: Christoph J Rodriguez • Garden State Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3928020
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