35 Monett CtMorris PlainsNJ07950
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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 Morris Plains at 35 Monett Ct, Morris Plains, NJ, 07950 offers a 9.22% rental yield on a $629,000 purchase with $4,835/mo rent. Total monthly income registers $4,835/mo, and a $3,079/mo payment leaves $131/mo available for distribution. Annual cash flow reaches $1,575/yr on $206,941 to close, and return on cash invested stands at 20.82% in year one. Equity gained on principal adds $4,059/yr while 5% annual appreciation supports $173,781 over five years. Portfolio math shows five-year ROI at 109.42% and total cumulative return in cash at $226,425. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,835/mo property income against a $3,079/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1993
2,613 sqft lot
$N/A/sqft
$220 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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Listed by: Eileen Scott • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3984066
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