95 Pitney Ave, New Providence, NJ, 07974 | 4.39% Rental Yield

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95 Pitney Ave, New Providence, NJ, 07974 | 4.39% 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

Investment property for sale in New Providence at 95 Pitney Ave, New Providence, NJ, 07974 listed at $1,049,000 pairs $3,838/mo rent with a $5,134/mo payment. Total monthly income runs $3,838/mo. Return on cash invested measures 7.52% in year one, and rental yield registers 4.39% at a $1,049,000 basis. Equity gained on principal adds $6,769/yr, and annual property appreciation at 5% supports $289,819 by year five. Five-year ROI tracks 37.59% and total cumulative return in cash totals $127,744. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,838/mo property income relative to a $5,134/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1969

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Enjoy comfortable living in this spacious four bedrm Colonial w/ plenty of versatility to suit your lifestyle! Entry Foyer opens to formal Living Rm w/ hw floors, picture window and built-in bookshelves and a two-sided woodburning fireplace that is shared with the Family Room on the other side that has wall-to-wall carpeting. Open concept Kitchen w/ light oak cabinetry, cream countertops & white appliances has a center island with seating and opens to a spacious Dining Area w/built-in desk and pantry closet. Formal Dining Room opens to a large three-season screened porch that overlooks the level rear yard and patio. Direct access from the Kitchen to the two-car attached garage and the screened porch add convenience while a bright first floor Office with nearby Powder Rm affords additional living space options. 2nd floor includes four well-appointed bedrooms with ample closet space. The spacious Primary Bedroom suite features neutral wall-to-wall carpeting, two double mirrored closets and adjoining Primary Bath w/ shower, while a full Hall Bath w/ tub shower serves three of the bedrooms. Finished lower level is ideal for additional recreation or relaxation, surrounded by paneled walls and wall-to-wall carpeting. A laundry room, utility room, separate workshop and large storage area complete this level. Convenient to Salt Brook Elementary School & New Providence's top rated public schools, shopping and Mid-Town Direct trains to NYC...this fine home is one not to be missed!

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