320 SOUTH STREET 4F BLDG 4 #FMorristownNJ07960
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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
Investment property for sale in Morristown at 320 SOUTH STREET 4F BLDG 4 #F, Morristown, NJ, 07960 listed at $325,000 pairs $2,867/mo rent with a $1,591/mo payment to leave $550/mo cash flow. Total monthly income runs $2,867/mo, and annual cash flow reaches $6,602/yr on $107,738 cash to close. Return on cash invested measures 26.04% in year one, and rental yield registers 10.59% at a $325,000 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,792 by year five. Five-year ROI tracks 136.97% and total cumulative return in cash totals $147,565. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,867/mo property income relative to a $1,591/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
11.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07960, Morristown, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,695 (100%) |
| Owner Occupied HU | 11,261 (57.2%) |
| Renter Occupied HU | 7,396 (37.6%) |
| Vacant Housing Units | 1,038 ( 5.3%) |
| Median Home Value | $753,823 |
| Average Home Value | $846,672 |
Housing Distribution
Address Breakdown
Residential
18,584
Single Family
16,093
Multi-Family
2,491
Businesses
1,783
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Listed by: Alyssa Morrissey • Keller Williams Integrity
Mls Name: GSMLS
Mls ID: #3993772