12 Sunrise DrMorris 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
Total monthly income runs $3,246/mo, and a $2,619/mo payment. Purchase price stands at $535,000, and rental yield measures 7.28% with $3,246/mo rent. Return on cash invested shows 16.19% in year one, and 5% annual appreciation builds toward $147,811 over five years. Five-year ROI reaches 84.12% and total cumulative return in cash records $148,072. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,246/mo property income covering a $2,619/mo payment rather than investor’s personal income.
Single Family
Built in 1958
0.52 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: Betsy Goodman • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #3984503