105 Franklin StPatersonNJ07524
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Paterson at 105 Franklin St, Paterson, NJ, 07524 with 5% annual appreciation on a $369,900 basis while $2,434/mo rent supports operations. 93% in year one. Equity gained on principal adds $2,387/yr, and five-year appreciation sums $102,197 alongside rental yield of 7.9%. Five-year ROI measures 93.46% and total cumulative return in cash totals $114,598. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,434/mo property income versus a $1,810/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07524, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,440 (100%) |
| Owner Occupied HU | 856 (19.3%) |
| Renter Occupied HU | 3,379 (76.1%) |
| Vacant Housing Units | 205 ( 4.6%) |
| Median Home Value | $394,043 |
| Average Home Value | $407,804 |
Housing Distribution
Address Breakdown
Residential
3,369
Single Family
3,117
Multi-Family
252
Businesses
420
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: GERONE FOSTER • COLDWELL BANKER ARGUS REAL ESTATE-Northfield
Mls Name: SJSRMLS
Mls ID: #596935