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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% |
Rental property for sale in Morristown at 59 James St, Morristown, NJ, 07960 priced at $549,900 pairs $0/mo rent with after a $2,691/mo payment. Total monthly income equals $0/mo. Return on cash invested is -5.93% in year one, and rental yield stands at 0% on a $549,900 basis. Equity gained on principal adds $3,548/yr, and 5% annual appreciation accumulates to $151,927 by year five. For financing, Ziffy Mortgage’s DSCR program evaluates $0/mo property income against a $2,691/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1946
7,405 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2021-04-21 | Listing removed | N/A |
| 2021-04-09 | Listed for rent | $3,500 |
| 2021-03-24 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-18 | $7424.55 | -24.70% | $471,400 | 38.93% |
| 2023-06-18 | $9860.06 | 0.62% | $339,300 | N/A |
| 2022-06-18 | $9798.98 | 0.56% | $339,300 | N/A |
No similar rental properties found nearby.
Listed by: Kelly Holmquist • Keller Williams Metropolitan
Mls Name: GSMLS
Mls Provider:
Mls ID: #3969903
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 2025 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.
