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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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No similar rental properties found nearby.
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Morris Plains at 20 Brooklawn Dr, Morris Plains, NJ, 07950 offers $0/mo rent that, after a $3,597/mo payment. Total monthly income is $0/mo. Return on cash invested measures -5.94% in year one, and rental yield stands at 0% at a $734,900 entry. Equity gained on principal adds $4,742/yr while 5% annual appreciation compounds into $203,039 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $3,597/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.83 Acres 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 |
|---|---|---|
| 2019-05-15 | Sold | $575,000 |
| 2019-05-12 | Listed for sale | $575,000 |
| 2019-05-12 | Pending sale | $575,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-23 | $13416.59 | 1.97% | $386,200 | N/A |
| 2023-04-23 | $13157.83 | 4.41% | $386,200 | N/A |
| 2022-04-23 | $12601.71 | 2.35% | $386,200 | N/A |
No similar rental properties found nearby.
Listed by: Mark Mielke • United Real Estate
Mls Name: GSMLS
Mls Provider:
Mls ID: #3958244
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.
