2467 State Route 10 UNIT 6AMorris 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
Rental property for sale in Morris Plains at 2467 State Route 10 UNIT 6A, Morris Plains, NJ, 07950 generates $2,402/mo in rent and, after a $1,150/mo payment, leaves $374/mo in cash flow. Total monthly income is $2,402/mo, and annual cash flow is $4,490/yr on $77,903 invested. Return on cash invested sits at 25.67% in year one, and rental yield is 12.27% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 136.99% and total cumulative return in cash sums $106,720. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,402/mo property income rather than buyer’s personal income.
Condo
Built in 1960
N/A lot
$N/A/sqft
$353 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: Nicole Shaw • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3927990
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