11 Veterans Way #132, Morris Plains, NJ, 07950 | 7.97% Rental Yield

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11 Veterans Way #132, Morris Plains, NJ, 07950 | 7.97% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Morris Plains at 11 Veterans Way #132, Morris Plains, NJ, 07950 listed at $729,900 pairs $4,846/mo rent with a $3,573/mo payment. Total monthly income runs $4,846/mo. Return on cash invested measures 18.28% in year one, and rental yield registers 7.97% at a $729,900 basis. Equity gained on principal adds $4,710/yr, and annual property appreciation at 5% supports $201,658 by year five. Five-year ROI tracks 95.31% and total cumulative return in cash totals $228,883. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,846/mo property income relative to a $3,573/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2022

N/A lot

$N/A/sqft

No HOA

More details about the property

Top-floor, single-level living with elevator access offering 3 bedrooms, 2 full baths, and an open, light-filled layout. Features include a modern kitchen, dining area, spacious great room, office/den, laundry room, welcoming foyer and a balcony overlooking a majestic tree-lined walking path. Attractive Shaw engineered hardwood flooring in the foyer, kitchen, dining area, great room, office and hallway. Upgrades include Hunter Douglas motorized shades in the dining area and great room, Hunter Douglas room-darkening shades in the bedrooms, NMP water softener (owned), Hue smart light fixtures in the bedrooms, kitchen faucet, kitchen backsplash with timeless subway tile, primary bathroom shower fixture, garage epoxy floor with walls/ceiling painted and large storage area. Turn-key, low-maintenance living conveniently located just 0.75 mile from the Morris Plains train station with express service to NYC and recently awarded as the location for NJ TRANSIT's 2026 TRANSITional Art Project. This location offers exceptional convenience, with a variety of grocery stores just minutes away, perfect for your everyday needs. For those special occasions, you're just a short drive from a vibrant culinary scene, including several highly-rated fine dining restaurants that provide an elegant atmosphere and gourmet cuisine for an unforgettable experience. Schedule your private showing today for this rare opportunity before it's gone!

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