2467 State Route 10 BLDG 0 #6B, Morris Plains, NJ, 07950 | $125/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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2467 State Route 10 BLDG 0 #6B, Morris Plains, NJ, 07950 | $125/mo Cash Flow | Ziffy

For Sale

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 State Route 10 BLDG 0 #6B, Morris Plains, NJ, 07950 listed at $299,000 pairs $2,256/mo rent with a $1,463/mo payment to leave $125/mo cash flow. Total monthly income runs $2,256/mo, and annual cash flow reaches $1,503/yr on $99,119 cash to close. Return on cash invested measures 21.43% in year one, and rental yield registers 9.05% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 112.24% and total cumulative return in cash totals $111,250. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,256/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1960

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome home to your move in ready beautifully updated 2-bedroom, 1 bath second floor condo in the desirable, affordable, and sought afterMountain Club. Bathed in natural light, this inviting home offers a perfect blend of modern upgrades and beautiful views.The BRAND NEW bathroom is astandout, boasting stylish tile work with a stunning custom inlay that adds a beautiful & practical touch! Freshly painted throughout in a neutral color &featuring newly refinished floors, the space feels crisp, clean, and welcoming. The updated kitchen is equipped with sleek stainless steel appliances & opensto the dining area through a convenient pass-through ideal for both everyday living and entertaining. Enjoy sweeping, elevated green views with the addedbonus of a distant view of the New York City skyline an inspiring backdrop! Unit comes with a storage locker. The monthly HOA fee includes gas, water,sewer, heat, & trash pick-up! It comes with assigned Parking spot # 665. The Mountain Club's amenities include a clubhouse, swimming pool, gym, sauna andtennis courts. Easy access to major highways, transit, restaurants and of course Parsippany's excellent schools! Property is located in Parsippany w/ aMorris Plains NJ mailing address. Assigned Parking spot # 665. Optional association garage rental for $50 per month.

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