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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 2 Perry St UNIT n/a, Morristown, NJ, 07960 with 5% annual appreciation on a $1,475,000 basis while $6,379/mo rent supports operations. 99% in year one. Equity gained on principal adds $9,518/yr, and five-year appreciation sums $407,515 alongside rental yield of 5.19%. Five-year ROI measures 50.8% and total cumulative return in cash totals $242,794. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,379/mo property income versus a $7,219/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Apartment
Built in 1876
5,227 sqft 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 |
|---|---|---|
| 2025-04-28 | Listed for sale | $1,475,000 |
| 2025-04-23 | Listing removed | $1,248,000 |
| 2025-04-07 | Listed for sale | $1,248,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-29 | $9692.55 | -23.68% | $615,400 | 40.82% |
| 2023-04-29 | $12699.22 | 0.62% | $437,000 | N/A |
| 2022-04-29 | $12620.56 | 0.56% | $437,000 | N/A |
Listed by: Kaitlyn Siracusa • Christie's Int. Real Estate Group
Mls Name: GSMLS
Mls Provider:
Mls ID: #3959402
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.
