24 Etmore PlNew 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 24 Etmore Pl, New Providence, NJ, 07974 earns $710/mo cash flow from $6,152/mo rent with a $3,737/mo payment. Total monthly income totals $6,152/mo, and annual cash flow totals $8,517/yr on $251,208 capital. ROI tracks 23.45% on current figures, and rental yield reads 9.67% at a $763,550 purchase. Equity gained on principal adds $4,927/yr, and 5% annual appreciation supports $210,955 over five years. Five-year ROI reaches 123.04% and total cumulative return in cash sums $309,084. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,152/mo property income instead of your personal income.
Single Family
Built in N/A
0.28 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: Maria Sanchez-mariscal • David Realty Group Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3966887
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