Is Morris Plains, NJ a good place to invest in rental property?

Morris Plains, NJ has a median modeled monthly cash flow of $-2,141 and a median cap rate of 2.8%, on a median sold price of $751,000. Prices changed -12.4% year over year.

What is the average cap rate in Morris Plains, NJ?

The median cap rate across recently sold homes in Morris Plains, NJ is 2.8%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Morris Plains, NJ?

The median sold price in Morris Plains, NJ is $751,000 (about $294 per square foot).

Investing in Morris Plains, NJ Real Estate

A data-driven snapshot of the Morris Plains, NJ rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$751,000Median sold price

$294Median $/sqft

2.8%Median cap rate

$-2,141Modeled cash flow / mo

-12.4%Appreciation YoY

1.8Months of supply

12Active listings

80Sold (last 12 mo)

What the Morris Plains numbers say

In Morris Plains, NJ, the median home sold for $751,000 (about $294 per square foot), and the typical deal models out to a 2.8% cap rate with a median $-2,141 of monthly cash flow. Sold prices moved -12.4% over the past year. Inventory sits at about 1.8 months of supply — a tight, seller-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other New Jersey markets to compare

See Morris Plains cash-flowing listings

CashFlowRE ranks every for-sale home in Morris Plains, NJ by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Morris Plains deals, or browse the national market data.