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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Morris Plains at 2350 Route 10 #B8, Morris Plains, NJ, 07950 offers a 11.19% rental yield on a $244,000 purchase with $2,276/mo rent. Total monthly income registers $2,276/mo, and a $1,194/mo payment leaves $199/mo available for distribution. Annual cash flow reaches $2,389/yr on $80,886 to close, and return on cash invested stands at 22.86% in year one. Equity gained on principal adds $1,574/yr while 5% annual appreciation supports $67,413 over five years. Portfolio math shows five-year ROI at 121.78% and total cumulative return in cash at $98,506. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,276/mo property income against a $1,194/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
$338 monthly 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 |
|---|---|---|
| 2025-07-18 | Sold | $244,000 |
| 2025-06-26 | Pending sale | $259,000 |
| 2025-05-29 | Price change | $259,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $4321.66 | 1.94% | $124,400 | N/A |
| 2023-10-22 | $4239.55 | 4.44% | $124,400 | N/A |
| 2022-10-22 | $4059.17 | 11.90% | N/A | N/A |
Listed by: Lourie Iudici • Modern Realty Group
Mls Name: NJMLS
Mls Provider:
Mls ID: #25015352
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-10-22 04:39:54 PDT Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.
