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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% |
Investment property for sale in Morristown at 40 W Park Place UNIT 215, Morristown, NJ, 07960 earns from $4,232/mo rent with a $3,132/mo payment. Total monthly income totals $4,232/mo. ROI tracks 14.94% on current figures, and rental yield reads 7.94% at a $639,900 purchase. Equity gained on principal adds $4,129/yr, and 5% annual appreciation supports $176,793 over five years. Five-year ROI reaches 78.57% and total cumulative return in cash sums $165,419. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,232/mo property income instead of your personal income.
Condo
Built in 2010
2.49 Acres lot
$N/A/sqft
$569 monthly HOA
Neighborhood data shown for ZIP Code: 07960, Morristown, NJ area.
| 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 |
Residential
18,584
Single Family
16,093
Multi-Family
2,491
Businesses
1,783
Date | Event | Price |
|---|---|---|
| 2024-10-08 | Price change | $639,900 |
| 2024-09-12 | Listed for sale | $650,000 |
| 2024-09-03 | Listing removed | $660,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-12 | $9089.97 | 0.62% | $312,800 | N/A |
| 2022-11-12 | $9033.66 | 0.56% | $312,800 | N/A |
| 2021-11-12 | $8983.62 | -0.35% | $312,800 | N/A |
Listed by: Barbara Lewis • Keller Williams Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3923683
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.
