9 Kenneth RdMorris PlainsNJ07950
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 9 Kenneth Rd, Morris Plains, NJ, 07950 at $615,000 posts ROI 24.99% with $832/mo cash flow from $5,215/mo rent. Total monthly income equals $5,215/mo, and annual cash flow records $9,978/yr on $202,335 to close. Return on cash invested measures 24.99% and rental yield reads 10.18% at the current $615,000. Equity gained on principal adds $3,969/yr, and 5% annual appreciation supports $169,913 by year five. Five-year ROI prints 131.31% and total cumulative return in cash totals $265,685.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,215/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1960
0.47 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Saritte Harel • Keller Williams Realty
Mls Name: GSMLS
Mls ID: #3978683