77 S Powder Mill RdMorris PlainsNJ07950
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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 Morris Plains at 77 S Powder Mill Rd, Morris Plains, NJ, 07950 priced at $930,000 pairs $4,168/mo rent with after a $4,552/mo payment. Total monthly income equals $4,168/mo. Return on cash invested is 10.41% in year one, and rental yield stands at 5.38% on a $930,000 basis. Equity gained on principal adds $6,001/yr, and 5% annual appreciation accumulates to $256,942 by year five. Five-year ROI measures 53.09% and total cumulative return in cash reaches $162,454. For financing, Ziffy Mortgage’s DSCR program evaluates $4,168/mo property income against a $4,552/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07950, Morris Plains, NJ area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,505
Single Family
7,757
Multi-Family
748
Businesses
511
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Nearby investment properties with comparable prices
Listed by: Hardeep Singh • Elevate Realty
Mls Name: NJMLS
Mls Provider:
Mls ID: #25010992
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 2025-04-13 07:05:30 PDT Source: New Jersey Multiple Listing, Inc. 2025 New Jersey Multiple Listing Service Inc. All rights reserved.