22 Franklin PlMorristownNJ07960
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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
Investment property for sale in Morristown at 22 Franklin Pl, Morristown, NJ, 07960 at $774,900 posts ROI 6.2% with from $2,579/mo rent. Total monthly income equals $2,579/mo. Return on cash invested measures 6.2% and rental yield reads 3.99% at the current $774,900. Equity gained on principal adds $5,000/yr, and 5% annual appreciation supports $214,091 by year five. Five-year ROI prints 30.54% and total cumulative return in cash totals $77,855. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,579/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07960, Morristown, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
18,584
Single Family
16,093
Multi-Family
2,491
Businesses
1,783
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Listed by: RYAN T. DESTLER • PROLEGACY REALTY LLC
Mls Name: All Jersey MLS
Mls ID: #2609871R