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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Morris Plains at 101 Mill Rd, Morris Plains, NJ, 07950 generates $5,951/mo in rent, after a $4,621/mo payment. Total monthly income is $5,951/mo. Return on cash invested sits at 17.05% in year one, and rental yield is 7.56% on a $944,200 entry. Equity gained on principal adds $6,093/yr, while 5% annual appreciation builds toward $260,865 over five years. Five-year ROI reaches 88.73% and total cumulative return in cash sums $275,645. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,951/mo property income rather than buyer’s personal income.
Single Family
Built in 1938
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07950, Morris Plains, NJ area.
| 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 |
Residential
8,505
Single Family
7,757
Multi-Family
748
Businesses
511
Date | Event | Price |
|---|---|---|
| 2025-10-04 | Listing removed | $895,000 |
| 2025-09-17 | Listed for sale | $895,000 |
| 2012-12-19 | Sold | $615,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $10902.89 | -0.15% | $544,600 | N/A |
| 2023-10-20 | $10919.23 | 2.66% | $544,600 | N/A |
| 2022-10-20 | $10636.04 | 2.14% | $544,600 | N/A |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
