6 Raleigh CtMorristownNJ07960
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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 Morristown at 6 Raleigh Ct, Morristown, NJ, 07960 priced at $950,000 pairs $6,116/mo rent with after a $4,650/mo payment. Total monthly income equals $6,116/mo. Return on cash invested is 17.54% in year one, and rental yield stands at 7.73% on a $950,000 basis. Equity gained on principal adds $6,130/yr, and 5% annual appreciation accumulates to $262,467 by year five. Five-year ROI measures 91.37% and total cumulative return in cash reaches $285,566. For financing, Ziffy Mortgage’s DSCR program evaluates $6,116/mo property income against a $4,650/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
0.69 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: Gale Grennan • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3994801