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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% |
Investment property for sale in Morristown at 15 Heather Ln, Morristown, NJ, 07960 at $825,000 posts ROI 25.05% with $1,129/mo cash flow from $7,009/mo rent. Total monthly income equals $7,009/mo, and annual cash flow records $13,542/yr on $271,425 to close. Return on cash invested measures 25.05% and rental yield reads 10.19% at the current $825,000. Equity gained on principal adds $5,324/yr, and 5% annual appreciation supports $227,932 by year five. Five-year ROI prints 131.62% and total cumulative return in cash totals $357,237.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $7,009/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1984
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07960, Morristown, NJ area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,695 (100%) |
| Owner Occupied HU | 11,261 (57.2%) |
| Renter Occupied HU | 7,396 (37.6%) |
| Vacant Housing Units | 1,038 ( 5.3%) |
| Median Home Value | $753,823 |
| Average Home Value | $846,672 |
Residential
18,584
Single Family
16,093
Multi-Family
2,491
Businesses
1,783
Date | Event | Price |
|---|---|---|
| 2025-05-08 | Listed for sale | $825,000 |
| 2025-04-11 | Listing removed | $900,000 |
| 2025-03-24 | Listed for sale | $900,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-10 | $12302.29 | -0.15% | $614,500 | N/A |
| 2023-05-10 | $12320.73 | 4.72% | $614,500 | 2.01% |
| 2022-05-10 | $11764.87 | 2.14% | $602,400 | N/A |
Listed by: Jessica Exley • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3961811
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
