200 Gouverneur StMorristownNY13664
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Morristown at 200 Gouverneur St, Morristown, NY, 13664 uses $114,368 cash to close to unlock $5,085/yr annual cash flow and $424/mo monthly cash flow. Total monthly income runs $2,728/mo, and a $1,689/mo payment keeps the spread at $424/mo. Purchase price stands at $345,000, and rental yield measures 9.49% with $2,728/mo rent. Return on cash invested shows 24.36% in year one, and 5% annual appreciation builds toward $95,317 over five years. Five-year ROI reaches 127.32% and total cumulative return in cash records $145,612. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,728/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Single Family
Built in 1880
0.33 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa O'Brien • O'Brien Properties, LLC
Mls Name: SLCMLS
Mls ID: #51864