17 GROVE AVE, Morris Plains, NJ, 07950 | 8.35% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

17 GROVE AVE, Morris Plains, NJ, 07950 | 8.35% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
- sft

21 JOHNS DRIVE, Warren, NJ, 07059

4 Bed
3 Bath
- sft

17 Jay Dr, Randolph, NJ, 07869

4 Bed
3 Bath
2175 sft

1178 Delaware Dr, Bridgewater, NJ, 08807

5 Bed
8 Bath
- sft

20 Lake Rd, Far Hills, NJ, 07931

Nearby investment properties with comparable prices

4 Bed
3 Bath
3900 sft

23 Country Pl, Lebanon, NJ, 08833

4 Bed
3 Bath
- sft

201 Carol Jean Way, Branchburg, NJ, 08876

4 Bed
3 Bath
2258 sft

65 Shannon Rd, Bridgewater, NJ, 08807

2 Bed
3 Bath
3190 sft

74 Ditmar Blvd, Whitehouse Station, NJ, 08889

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

Explore more listings using simple english

Investment Highlights

Total monthly income runs $5,915/mo, and a $4,160/mo payment. Purchase price stands at $850,000, and rental yield measures 8.35% with $5,915/mo rent. Return on cash invested shows 19.45% in year one, and 5% annual appreciation builds toward $234,839 over five years. Five-year ROI reaches 101.56% and total cumulative return in cash records $284,014. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,915/mo property income covering a $4,160/mo payment rather than investor’s personal income.

Single Family

Built in 1955

0.52 Acres lot

$N/A/sqft

No HOA

More details about the property

Spacious and versatile 5-bedroom, 3 full bath Split Colonial situated on a beautifully landscaped corner lot in one of Morris Plains' most desirable neighborhood! This well maintained home features hardwood floors, an open floor plan, and plenty of space for comfortable living. The main level welcomes you with a bright living room that flows seamlessly into the dining area perfect for entertaining. The kitchen offers generous counter and cabinet space, ideal for any cooking enthusiast. The second level hosts three well-sized bedroom, including a bedroom with an en suite bath with stall shower. The third level boasts an oversized bedroom with a large walk-in closet and access to the attic perfect for storage. The ground level provides direct access to the two-car garage, a cozy family room and a fifth bedroom with high ceiling, private full bath with stall shower, and private rear entrance to back patio. A full, unfinished basement includes a laundry area and additional storage space. Located close to top-rated schools, shopping, parks and public transportation, this home offers an unbeatable combination of space, flexibility, and location. Don't miss this exceptional opportunity!

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