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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 48-50 Elm St UNIT B8, Morristown, NJ, 07960 earns from $0/mo rent with a $1,835/mo payment. Total monthly income totals $0/mo. ROI tracks -9.37% on current figures, and rental yield reads 0% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $0/mo property income instead of your personal income.
Condo
Built in 1965
0.36 Acres lot
$N/A/sqft
$361 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 |
|---|---|---|
| 2024-11-01 | Listed for sale | $375,000 |
| 2021-11-22 | Sold | $305,000 |
| 2021-08-25 | Listed for sale | $310,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-12 | $4062.59 | 0.62% | $139,800 | N/A |
| 2022-11-12 | $4037.42 | 0.56% | $139,800 | N/A |
| 2021-11-12 | $4015.06 | -0.35% | $139,800 | N/A |
No similar rental properties found nearby.
Listed by: Nichole I. Milton • Prestige Property Group Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3930612
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.
