84 Stockton CtMorris 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
Investment property for sale in Morris Plains at 84 Stockton Ct, Morris Plains, NJ, 07950 uses $205,625 cash to close to unlock $1,274/yr annual cash flow and $106/mo monthly cash flow. Total monthly income runs $4,561/mo, and a $3,059/mo payment keeps the spread at $106/mo. Purchase price stands at $625,000, and rental yield measures 8.76% with $4,561/mo rent. Return on cash invested shows 20.68% in year one, and 5% annual appreciation builds toward $172,676 over five years. Five-year ROI reaches 108.2% and total cumulative return in cash records $222,493. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,561/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Townhouse
Built in 1982
2,613 sqft 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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Listed by: Debra Pollack • Weichert Realtors Corp Hq
Mls Name: GSMLS
Mls ID: #4000062