26 Morris PlMadisonNJ07940
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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
Investment Highlights
Rental property for sale in Madison at 26 Morris Pl, Madison, NJ, 07940 priced at $1,399,999 pairs $4,795/mo rent with after a $6,852/mo payment. Total monthly income equals $4,795/mo. Return on cash invested is 6.66% in year one, and rental yield stands at 4.11% on a $1,399,999 basis. Equity gained on principal adds $9,034/yr, and 5% annual appreciation accumulates to $386,794 by year five. Five-year ROI measures 32.94% and total cumulative return in cash reaches $149,419. For financing, Ziffy Mortgage’s DSCR program evaluates $4,795/mo property income against a $6,852/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07940, Madison, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,092 (100%) |
| Owner Occupied HU | 3,918 (64.3%) |
| Renter Occupied HU | 1,929 (31.7%) |
| Vacant Housing Units | 245 ( 4.0%) |
| Median Home Value | $912,115 |
| Average Home Value | $1,040,997 |
Housing Distribution
Address Breakdown
Residential
5,860
Single Family
5,539
Multi-Family
321
Businesses
573
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Listed by: Michelle Pais • Signature Realty Nj
Mls Name: GSMLS
Mls ID: #3986199