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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 Morris Plains at 16 Sherman Ave, Morris Plains, NJ, 07950 at $825,000 posts ROI 7.56% with from $3,052/mo rent. Total monthly income equals $3,052/mo. Return on cash invested measures 7.56% and rental yield reads 4.44% 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 37.8% and total cumulative return in cash totals $102,609. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,052/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1937
7,405 sqft 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 | ||||
Listed by: Ryan Bruen • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3989718
