282 South StNew 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
Rental property for sale in New Providence at 282 South St, New Providence, NJ, 07974 offers $0/mo rent that, after a $6,583/mo payment. Total monthly income is $0/mo. Return on cash invested measures -6.03% in year one, and rental yield stands at 0% at a $1,345,000 entry. Equity gained on principal adds $8,679/yr while 5% annual appreciation compounds into $371,599 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $6,583/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 2007
0.78 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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Ishita Dalal • Keller Williams Village Square
Mls Name: GSMLS
Mls ID: #3995957