Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 24 Apple Tree Ln, Morris Plains, NJ, 07950 at $735,000 posts ROI 17.49% with from $4,721/mo rent. Total monthly income equals $4,721/mo. Return on cash invested measures 17.49% and rental yield reads 7.71% at the current $735,000. Equity gained on principal adds $4,743/yr, and 5% annual appreciation supports $203,067 by year five. Five-year ROI prints 91.09% and total cumulative return in cash totals $220,260. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,721/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1956
0.35 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2024-10-30 | Price change | $735,000 |
| 2024-09-17 | Price change | $785,000 |
| 2024-08-19 | Price change | $820,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-12 | $8051.68 | 4.11% | $392,700 | N/A |
| 2022-11-12 | $7733.59 | 5.29% | $392,700 | N/A |
| 2021-11-12 | $7344.82 | 1.19% | $392,700 | N/A |
Listed by: George Antoine Khoury • Veteran Real Estate Group Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3913392
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
