34 Grant AveNew 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 34 Grant Ave, New Providence, NJ, 07974 priced at $1,550,000 converts $2,795/mo rent into after a $7,586/mo obligation. Total monthly income equals $2,795/mo. Return on cash invested prints 0.65% in year one, and rental yield reads 2.16% against a $1,550,000 entry. Equity gained on principal adds $10,002/yr, while 5% annual appreciation compiles into $428,236 by year five. Five-year ROI reaches 0.73% and total cumulative return in cash sums $3,673. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,795/mo property income covering a $7,586/mo payment, not borrower’s personal income.
Single Family
Built in 2025
7,405 sqft 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: Tong Zhao • Realmart Realty
Mls Name: GSMLS
Mls ID: #3987449