9 Jaqui AveMorris 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 9 Jaqui Ave, Morris Plains, NJ, 07950 offers $5,000/mo rent that, after a $2,570/mo payment, leaves $1,258/mo cash flow. Total monthly income is $5,000/mo, and annual cash flow is $15,090/yr on $172,725 cash. Return on cash invested measures 28.8% in year one, and rental yield stands at 11.43% at a $525,000 entry. Equity gained on principal adds $3,388/yr while 5% annual appreciation compounds into $145,048 by year five. Five-year ROI records 151.72% and total cumulative return in cash reaches $262,065. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,000/mo property income versus a $2,570/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
9,583 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| 2024-10-29 | Price change | $525,000 |
| 2024-10-17 | Listed for sale | $575,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-12 | $9606.16 | 0.81% | $384,400 | N/A |
| 2022-11-12 | $9529.28 | 1.22% | $384,400 | N/A |
| 2021-11-12 | $9413.96 | 4.57% | $384,400 | N/A |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: N/A
- Architectural Style: Colonial
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: 1 Unit, Natural Gas
- Cooling: Ductless Split AC
- Flooring: Carpet
- Interior Features: Bedroom
- Exterior Features: Curbs
- Parking Features: 1 Car Width, Asphalt, Detached Garage, See Remarks
Location
- City: Morris Plains
- State: NJ
- Subdivision: N/A
- Lot Size: 9,583 sqft
- Lot Features: Level
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: Electricity Connected, Natural Gas Connected
- Sewer: Public Sewer
- Water Source: Public
- Road Surface Type: N/A
School Information
- Elementary School: Borough
- Middle School: Borough
- High School: Morristown
Listed by: Michelle Egner • Compass New Jersey, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3930037
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