237 Mt Kemble Ave, Morristown, NJ, 07960 | Equity Gain $3,226/yr

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237 Mt Kemble Ave, Morristown, NJ, 07960 | Equity Gain $3,226/yr | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Morristown at 237 Mt Kemble Ave, Morristown, NJ, 07960 listed at $499,900 pairs $0/mo rent with a $2,447/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -5.89% in year one, and rental yield registers 0% at a $499,900 basis. Equity gained on principal adds $3,226/yr, and annual property appreciation at 5% supports $138,113 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $2,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1826

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Tucked away just moments from downtown Morristown, this extensively renovated home offers the rare blend of privacy and walkability. Overlooking the scenic Springbrook Golf Course, the elevated lot backs to a wooded area where tranquil views can be enjoyed from nearly every room. Since purchase, the home has undergone a dramatic transformation including a reimagined layout, top-to-bottom upgrades, and thoughtful additions. The main kitchen features oak hardwood floors, updated cabinetry, and a slider leading to a private patio. Upstairs, the expanded primary suite includes its own 10x20 deck, while all bedrooms have been enlarged and modernized. A full walk-out basement has been converted into a self-contained suite with a kitchenette, legal bedroom with egress window, and full bath perfect for guests or flexible living. Central HVAC, an added upstairs laundry room, and enhanced living spaces offer everyday comfort and convenience. All appliances stay. Just over a quarter acre, public utilities; and minutes to dining, shops, and NJ Transit this is ideal Morristown living!

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