112 4Th AvePatersonNJ07524
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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
Total monthly income runs $2,434/mo, and a $3,181/mo payment. Purchase price stands at $649,900, and rental yield measures 4.49% with $2,434/mo rent. Return on cash invested shows 7.72% in year one, and 5% annual appreciation builds toward $179,555 over five years. Five-year ROI reaches 38.7% and total cumulative return in cash records $82,746. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,434/mo property income covering a $3,181/mo payment rather than investor’s personal income.
Multi Family
Built in 1940
2,613 sqft 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
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Listed by: Nicholas Tselepis • Nicholas Real Estate Agency
Mls Name: GSMLS
Mls ID: #4003249