72 Central Ave, New Providence, NJ, 07974 | 4.15% Rental Yield

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72 Central Ave, New Providence, NJ, 07974 | 4.15% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in New Providence at 72 Central Ave, New Providence, NJ, 07974 offers $4,479/mo rent that, after a $6,338/mo payment. Total monthly income is $4,479/mo. Return on cash invested measures 6.78% in year one, and rental yield stands at 4.15% at a $1,295,000 entry. Equity gained on principal adds $8,356/yr while 5% annual appreciation compounds into $357,785 by year five. Five-year ROI records 33.61% and total cumulative return in cash reaches $141,006. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,479/mo property income versus a $6,338/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1974

0.59 Acres lot

$N/A/sqft

No HOA

More details about the property

Rare opportunity!!! FABULOUS LOCATION in the Tall Oaks cul-de-sac end of Central Ave. Convenient path through adjacent woods to Division Ave & Clearwater Swim Club and just .6mi down to the Mid-town NYC NP train station, Hill City Deli, cleaners, food store and pizza. FABULOUS HOME: This custom Center Hall Colonial has 5 bedrooms all on the second floor plus an office/library on the first floor. Just off the kitchen is the family room with wood burning brick fireplace and view with glass door access to a large deck and your amazing .586 acre yard. Kitchen and dining area bay window has same serene view. The laundry room/mudroom has an outside entrance and there is a powder room also conveniently located on the first floor. The oversized 2-car garage has an entrance into the family room and also stairs down to the basement. Perfect access for basement playdates and for storing sports equipment, golf clubs, or off-season deck furniture. Wood flooring in foyer, dining room, kitchen, hallway and family room; carpet in other rooms. Crown molding, built-in bookcases, brick fireplace, recessed lighting, large picture and bay windows. Top rated NP schools, Salt Brook Elementary School (buyer to confirm with School District). Amazing street appeal in a sought-out neighborhood. You do not want to miss this one!

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