11 Whitewood DrMorris PlainsNJ07950
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Nearby investment properties with comparable prices
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
Rental property for sale in Morris Plains at 11 Whitewood Dr, Morris Plains, NJ, 07950 priced at $649,900 pairs $5,258/mo rent with $626/mo cash flow after a $3,181/mo payment. Total monthly income equals $5,258/mo, and annual cash flow comes to $7,507/yr on $213,817 invested. Return on cash invested is 23.57% in year one, and rental yield stands at 9.71% on a $649,900 basis. Equity gained on principal adds $4,194/yr, and 5% annual appreciation accumulates to $179,555 by year five. Five-year ROI measures 123.7% and total cumulative return in cash reaches $264,486. For financing, Ziffy Mortgage’s DSCR program evaluates $5,258/mo property income against a $3,181/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
0.37 Acres lot
$N/A/sqft
No HOA
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
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Listed by: Theodore Miller Ii • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3982310