2 Ledgerock CtMorris PlainsNJ07950
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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 Morris Plains at 2 Ledgerock Ct, Morris Plains, NJ, 07950 priced at $975,000 converts $6,180/mo rent into after a $4,772/mo obligation. Total monthly income equals $6,180/mo. Return on cash invested prints 17.18% in year one, and rental yield reads 7.61% against a $975,000 entry. Equity gained on principal adds $6,292/yr, while 5% annual appreciation compiles into $269,375 by year five. Five-year ROI reaches 89.42% and total cumulative return in cash sums $286,851. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,180/mo property income covering a $4,772/mo payment, not borrower’s personal income.
Single Family
Built in 1983
0.44 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
8,505
Single Family
7,757
Multi-Family
748
Businesses
511
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Listed by: Jacqueline Scura • Compass Of New Jersey
Mls Name: GSMLS
Mls Provider:
Mls ID: #3959343
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