111 Gallinson DrNew ProvidenceNJ07974
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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
Total monthly income runs $6,082/mo, and a $7,826/mo payment. Purchase price stands at $1,599,000, and rental yield measures 4.56% with $6,082/mo rent. Return on cash invested shows 8.06% in year one, and 5% annual appreciation builds toward $441,774 over five years. Five-year ROI reaches 40.45% and total cumulative return in cash records $209,569. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,082/mo property income covering a $7,826/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07974, New Providence, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,464 (100%) |
| Owner Occupied HU | 3,951 (72.3%) |
| Renter Occupied HU | 1,077 (19.7%) |
| Vacant Housing Units | 436 ( 8.0%) |
| Median Home Value | $778,509 |
| Average Home Value | $819,407 |
Housing Distribution
Address Breakdown
Residential
4,811
Single Family
4,457
Multi-Family
354
Businesses
404
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Listed by: Sue Marsh Shikiar • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3973318