700 Gouverneur StMorristownNY13664
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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
Investment property for sale in Morristown at 700 Gouverneur St, Morristown, NY, 13664 earns $1,450/mo cash flow from $2,404/mo rent with a $699/mo payment. Total monthly income totals $2,404/mo, and annual cash flow totals $17,402/yr on $47,371 capital. ROI tracks 56.64% on current figures, and rental yield reads 20.19% at a $142,900 purchase. Equity gained on principal adds $922/yr, and 5% annual appreciation supports $39,481 over five years. Five-year ROI reaches 300.55% and total cumulative return in cash sums $142,377. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,404/mo property income instead of your personal income.
Single Family
Built in 1875
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 13664, Morristown, NY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 212 (100%) |
| Owner Occupied HU | 124 (58.5%) |
| Renter Occupied HU | 36 (17.0%) |
| Vacant Housing Units | 52 (24.5%) |
| Median Home Value | $290,741 |
| Average Home Value | $295,786 |
Housing Distribution
Address Breakdown
Residential
107
Single Family
95
Multi-Family
12
Businesses
22
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Listed by: Jennifer Stevenson • Blue Heron Realty
Mls Name: SLCMLS
Mls Provider:
Mls ID: #49646
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.