2467 Route 10 APT 26-7AMorris 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 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
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: N/A • N/A
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