47 Edgefield DrMorris 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
Rental property for sale in Morris Plains at 47 Edgefield Dr, Morris Plains, NJ, 07950 offers $4,222/mo rent that, after a $2,814/mo payment, leaves $124/mo cash flow. Total monthly income is $4,222/mo, and annual cash flow is $1,486/yr on $189,175 cash. Return on cash invested measures 20.85% in year one, and rental yield stands at 8.81% at a $575,000 entry. Equity gained on principal adds $3,710/yr while 5% annual appreciation compounds into $158,862 by year five. Five-year ROI records 109.07% and total cumulative return in cash reaches $206,339. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,222/mo property income versus a $2,814/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1991
3,049 sqft lot
$N/A/sqft
No 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: Diane Lodrago • Weichert Realtors Corp Hq
Mls Name: GSMLS
Mls ID: #4005342