196 High StMorristownNY13664
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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
Rental property for sale in Morristown at 196 High St, Morristown, NY, 13664 priced at $389,000 pairs $1,336/mo rent with after a $1,904/mo payment. Total monthly income equals $1,336/mo. Return on cash invested is 8.17% in year one, and rental yield stands at 4.12% on a $389,000 basis. Equity gained on principal adds $2,510/yr, and 5% annual appreciation accumulates to $107,474 by year five. Five-year ROI measures 40.54% and total cumulative return in cash reaches $52,278. For financing, Ziffy Mortgage’s DSCR program evaluates $1,336/mo property income against a $1,904/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
10.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13664, Morristown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 212 (100%) |
| Owner Occupied HU | 124 (58.5%) |
| Renter Occupied HU | 36 (17.0%) |
| Vacant Housing Units | 52 (24.5%) |
| Median Home Value | $290,741 |
| Average Home Value | $295,786 |
Housing Distribution
Address Breakdown
Residential
107
Single Family
95
Multi-Family
12
Businesses
22
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Listed by: Angela Bickelhaupt LaJoy • St. Lawrence River Real Estate Co LLC
Mls Name: SLCMLS
Mls Provider:
Mls ID: #51420
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.