2467 Route 10 APT 26-7A, Morris Plains, NJ, 07950 | $249/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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2467 Route 10 APT 26-7A, Morris Plains, NJ, 07950 | $249/mo Cash Flow | Ziffy

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Currently Rented

Rental Income

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 Morris Plains at 2467 Route 10 APT 26-7A, Morris Plains, NJ, 07950 uses $76,659 cash to close to unlock $2,982/yr annual cash flow and $249/mo monthly cash flow. Total monthly income runs $2,278/mo, and a $1,132/mo payment keeps the spread at $249/mo. Purchase price stands at $231,250, and rental yield measures 11.82% with $2,278/mo rent. Return on cash invested shows 23.8% in year one, and 5% annual appreciation builds toward $63,890 over five years. Five-year ROI reaches 127.13% and total cumulative return in cash records $97,455. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,278/mo property income covering a $1,132/mo payment rather than investor’s personal income.

Condo

Built in 1960

N/A lot

$N/A/sqft

$381 monthly HOA

More details about the property

Great Investment Opportunity Updated 1-Bedroom Condo in Prime Morris Plains Location! (Rental Income from Day 1) Welcome to this charming and freshly updated 1-bedroom, 1-bathroom first-floor condo in the highly desirable Mountain Club community of Morris Plains, NJ. This bright and airy unit features gleaming hardwood floors and has been freshly painted in neutral tones, creating a warm and inviting atmosphere. Enjoy the convenience of first-floor living with an assigned parking space just steps from your door, plus optional garage access through the HOA. The monthly HOA fee covers heat, hot water, garbage, and maintenance of the beautifully landscaped common areasoffering truly hassle-free living. Residents of the Mountain Club enjoy resort-style amenities including a fitness center, sauna, outdoor pool, and a clubhouse perfect for social gatherings. The location is unbeatablejust minutes from NJ Transit train stations with direct service to NYC, and close to Routes 10, 287, and 80. You're also near shopping, dining, parks, and the vibrant downtown Morristown area. Zoned for top-rated schools: Mt. Tabor Elementary, Brooklawn Middle, and Par-Hills High School. Currently leased through December 2025, this property offers immediate rental income, making it an ideal addition to your investment portfolio. Whether you're a seasoned investor or just getting started, this condo is a smart, stylish, and income-generating opportunity you wont want to miss!

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