24 Davenport PlMorristownNJ07960
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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
Investment Highlights
Investment property for sale in Morristown at 24 Davenport Pl, Morristown, NJ, 07960 earns $394/mo cash flow from $5,312/mo rent with a $3,377/mo payment. Total monthly income totals $5,312/mo, and annual cash flow totals $4,728/yr on $227,010 capital. ROI tracks 22.14% on current figures, and rental yield reads 9.24% at a $690,000 purchase. Equity gained on principal adds $4,452/yr, and 5% annual appreciation supports $190,634 over five years. Five-year ROI reaches 116.02% and total cumulative return in cash sums $263,384. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,312/mo property income instead of your personal income.
Townhouse
Built in 1994
1,742 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
18,584
Single Family
16,093
Multi-Family
2,491
Businesses
1,783
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Listed by: Joan Kamm • Weichert Realtors
Mls Name: GSMLS
Mls ID: #4006447