6 Brookfield Way, Morristown, NJ, 07960 | 7.06% Rental Yield

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6 Brookfield Way, Morristown, NJ, 07960 | 7.06% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Morristown at 6 Brookfield Way, Morristown, NJ, 07960 priced at $815,000 converts $4,796/mo rent into after a $3,989/mo obligation. Total monthly income equals $4,796/mo. Return on cash invested prints 15.53% in year one, and rental yield reads 7.06% against a $815,000 entry. Equity gained on principal adds $5,259/yr, while 5% annual appreciation compiles into $225,169 by year five. Five-year ROI reaches 80.54% and total cumulative return in cash sums $215,965. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,796/mo property income covering a $3,989/mo payment, not borrower’s personal income.

Single Family

Built in 1956

0.74 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome Home! This gracious ranch-style residence sits in one of the most sought-after neighborhoods in town. Nestled on a private .74-acre lot, it offers both serenity and convenience just minutes from historic Morristown with its vibrant shops, dining, and cultural attractions. A charming stone walkway leads to the front porch, a perfect spot to relax and enjoy the seasons. Inside, the spacious living room features gleaming hardwood floors and a wood-burning fireplace, while the formal dining room sets the stage for gatherings. The versatile office/den overlooks the backyard. The renovated gourmet kitchen delights with high-end stainless steel appliances, granite countertops, abundant cabinetry, and a center island with bar seating. The bedroom wing includes a spacious primary suite with hardwood floors, dual closets, and an updated full bath. Two additional bedrooms with hardwood floors and ample closet space share a stylish hall bath. The finished lower level offers a comfortable family room with recessed lighting and newer carpeting, plus a powder room, laundry, and plenty of storage or hobby space. An oversized two-car garage adds functionality, and the expansive backyard with deck, lawn, and mature trees provides the perfect setting for outdoor enjoyment. This home blends charm, comfort, and convenience ready for you to make your dreams come true!

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