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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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No similar rental properties found nearby.
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 15 Beech Dr, Morris Plains, NJ, 07950 priced at $825,000 converts $0/mo rent into after a $4,038/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -5.94% in year one, and rental yield reads 0% against a $825,000 entry. Equity gained on principal adds $5,324/yr, while 5% annual appreciation compiles into $227,932 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $4,038/mo payment, not borrower’s personal income.
Single Family
Built in 1967
0.42 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
No similar rental properties found nearby.
Listed by: Peter Lorenzo • Keller Williams Metropolitan
Mls Name: GSMLS
Mls ID: #3996034
