66 Evergreen 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 66 Evergreen Ave, New Providence, NJ, 07974 listed at $899,000 pairs $6,180/mo rent with a $4,400/mo payment. Total monthly income runs $6,180/mo. Return on cash invested measures 19.14% in year one, and rental yield registers 8.25% at a $899,000 basis. Equity gained on principal adds $5,801/yr, and annual property appreciation at 5% supports $248,377 by year five. Five-year ROI tracks 99.91% and total cumulative return in cash totals $295,510. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,180/mo property income relative to a $4,400/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
0.29 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: Danielle Piccolo • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3993806