23 Northview DrMorris PlainsNJ07950
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Rental property for sale in Morris Plains at 23 Northview Dr, Morris Plains, NJ, 07950 priced at $824,900 converts $0/mo rent into after a $4,037/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -5.94% in year one, and rental yield reads 0% against a $824,900 entry. Equity gained on principal adds $5,323/yr, while 5% annual appreciation compiles into $227,905 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $4,037/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.45 Acres 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Patricia Lopez • Kl Sotheby's Int'l. Realty
Mls Name: GSMLS
Mls ID: #3988946