304 Chapman Point DrMorristownNY13664
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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 Morristown at 304 Chapman Point Dr, Morristown, NY, 13664 priced at $725,000 pairs $2,204/mo rent with after a $3,549/mo payment. Total monthly income equals $2,204/mo. Return on cash invested is 6.79% in year one, and rental yield stands at 3.65% on a $725,000 basis. Equity gained on principal adds $4,678/yr, and 5% annual appreciation accumulates to $200,304 by year five. Five-year ROI measures 33.12% and total cumulative return in cash reaches $78,989. For financing, Ziffy Mortgage’s DSCR program evaluates $2,204/mo property income against a $3,549/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13664, Morristown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 212 (100%) |
| Owner Occupied HU | 124 (58.5%) |
| Renter Occupied HU | 36 (17.0%) |
| Vacant Housing Units | 52 (24.5%) |
| Median Home Value | $290,741 |
| Average Home Value | $295,786 |
Housing Distribution
Address Breakdown
Residential
107
Single Family
95
Multi-Family
12
Businesses
22
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Listed by: Erin E Meyer • Meyer Real Estate LLC
Mls Name: SLCMLS
Mls ID: #51405