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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Morris Plains at 2467 State Route 10 UNIT 7B, Morris Plains, NJ, 07950 generates $2,267/mo in rent and, after a $1,126/mo payment, leaves $245/mo in cash flow. Total monthly income is $2,267/mo, and annual cash flow is $2,944/yr on $76,245 invested. Return on cash invested sits at 23.77% in year one, and rental yield is 11.83% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 126.97% and total cumulative return in cash sums $96,811. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,267/mo property income rather than buyer’s personal income.
Condo
Built in 1960
9,999 sqft lot
$N/A/sqft
$382 monthly HOA
Neighborhood data shown for ZIP Code: 07950, Morris Plains, NJ area.
| 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 |
Residential
8,505
Single Family
7,757
Multi-Family
748
Businesses
511
Date | Event | Price |
|---|---|---|
| 2025-01-22 | Listed for sale | $230,000 |
| 2021-09-16 | Listing removed | N/A |
| 2021-08-14 | Price change | $1,600 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Janet Persaud • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3942448
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
