44 Ridgedale Ave Unit 239 #239MorristownNJ07960
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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 44 Ridgedale Ave Unit 239 #239, Morristown, NJ, 07960 listed at $470,000 pairs $3,622/mo rent with a $2,300/mo payment to leave $272/mo cash flow. Total monthly income runs $3,622/mo, and annual cash flow reaches $3,268/yr on $155,805 cash to close. Return on cash invested measures 22.01% in year one, and rental yield registers 9.25% at a $470,000 basis. Equity gained on principal adds $3,033/yr, and annual property appreciation at 5% supports $129,852 by year five. Five-year ROI tracks 115.33% and total cumulative return in cash totals $179,697. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,622/mo property income relative to a $2,300/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1995
1.81 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: Jacqueline Haren • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3969154
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