22 Kennedy RdMorris 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 22 Kennedy Rd, Morris Plains, NJ, 07950 generates $4,400/mo in rent and, after a $2,692/mo payment, leaves $480/mo in cash flow. Total monthly income is $4,400/mo, and annual cash flow is $5,756/yr on $180,950 invested. Return on cash invested sits at 23.24% in year one, and rental yield is 9.6% on a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation builds toward $151,955 over five years. Five-year ROI reaches 121.92% and total cumulative return in cash sums $220,606. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,400/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
5,227 sqft 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: Amanda Damesek • Prominent Properties Sir
Mls Name: GSMLS
Mls ID: #3975569