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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 Morristown at 8 Westminster Place, Morristown, NJ, 07960 projects strong ROI of 10.45%. Rental yield 5.34%. With 5% annual appreciation, the property builds $621,634 in value over five years. Equity growth combined delivers a projected five-year ROI of 53.28%, translating into $388,385 in total cumulative return on $729,000 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Single Family
Built in 2013
0.85 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07960, Morristown, NJ area.
| 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 |
Residential
18,584
Single Family
16,093
Multi-Family
2,491
Businesses
1,783
Date | Event | Price |
|---|---|---|
| 2025-05-30 | Listed for sale | $2,250,000 |
| 2016-06-29 | Sold | $1,765,000 |
| 2016-03-16 | Listing removed | $1,850,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-30 | $30958.93 | -0.15% | $1,546,400 | N/A |
| 2023-05-30 | $31005.32 | 8.98% | $1,546,400 | 6.16% |
| 2022-05-30 | $28449.35 | 2.14% | $1,456,700 | N/A |
Listed by: Debra Roos Bednarski • Weichert Realtors
Mls Name: GSMLS
Mls Provider:
Mls ID: #3965832
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.
