457 Central 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
Investment property for sale in New Providence at 457 Central Ave, New Providence, NJ, 07974 with 5% annual appreciation on a $637,500 basis while $4,294/mo rent supports operations. 63% in year one. Equity gained on principal adds $4,114/yr, and five-year appreciation sums $176,130 alongside rental yield of 8.08%. Five-year ROI measures 97.21% and total cumulative return in cash totals $203,881. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,294/mo property income versus a $3,120/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1945
8,712 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: N/A • N/A
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