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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 Morris Plains at 7 Fairhaven Dr, Morris Plains, NJ, 07950 offers a 9.9% rental yield on a $645,000 purchase with $5,323/mo rent. Total monthly income registers $5,323/mo, and a $3,157/mo payment leaves $726/mo available for distribution. Annual cash flow reaches $8,706/yr on $212,205 to close, and return on cash invested stands at 24.16% in year one. Equity gained on principal adds $4,162/yr while 5% annual appreciation supports $178,202 over five years. Portfolio math shows five-year ROI at 126.86% and total cumulative return in cash at $269,212. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,323/mo property income against a $3,157/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07950, Morris Plains, NJ area.
| 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 |
Residential
8,505
Single Family
7,757
Multi-Family
748
Businesses
511
Date | Event | Price |
|---|---|---|
| 2025-07-23 | Sold | $645,000 |
| 2025-06-07 | Pending sale | $650,000 |
| 2025-05-09 | Listed for sale | $650,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-19 | $12263.22 | 1.97% | $353,000 | N/A |
| 2023-10-19 | $12026.71 | 4.41% | $353,000 | N/A |
| 2022-10-19 | $11518.39 | 2.35% | $353,000 | N/A |
Listed by: Terrie K.o. Neuman • Tko Properties, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3961886
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.
