16 Terrace RdNew 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
Investment property for sale in New Providence at 16 Terrace Rd, New Providence, NJ, 07974 earns from $5,638/mo rent with a $8,320/mo payment. Total monthly income totals $5,638/mo. ROI tracks 6.25% on current figures, and rental yield reads 3.98% at a $1,699,777 purchase. Equity gained on principal adds $10,968/yr, and 5% annual appreciation supports $469,617 over five years. Five-year ROI reaches 30.78% and total cumulative return in cash sums $169,509. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,638/mo property income instead of your personal income.
Single Family
Built in 1954
0.38 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: Amanda Nadia Dasilva • Real
Mls Name: GSMLS
Mls ID: #4005713