2350 State Route 10 UNIT 23Morris PlainsNJ07950
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 Morris Plains at 2350 State Route 10 UNIT 23, Morris Plains, NJ, 07950 earns $454/mo cash flow from $2,395/mo rent with a $1,101/mo payment. Total monthly income totals $2,395/mo, and annual cash flow totals $5,442/yr on $74,588 capital. ROI tracks 27.21% on current figures, and rental yield reads 12.77% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 145.19% and total cumulative return in cash sums $108,297. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,395/mo property income instead of your personal income.
Condo
Built in 1960
N/A lot
$N/A/sqft
$338 monthly 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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Nearby investment properties with comparable prices
Listed by: Anthony Cortese • Serhant New Jersey Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3932152
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