112 Sheridan AvePatersonNJ07502
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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 Paterson at 112 Sheridan Ave, Paterson, NJ, 07502 earns $706/mo cash flow from $3,415/mo rent with a $1,860/mo payment. Total monthly income totals $3,415/mo, and annual cash flow totals $8,476/yr on $125,970 capital. ROI tracks 26.64% on current figures, and rental yield reads 10.78% at a $380,000 purchase. Equity gained on principal adds $2,452/yr, and 5% annual appreciation supports $104,987 over five years. Five-year ROI reaches 140.18% and total cumulative return in cash sums $176,581. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,415/mo property income instead of your personal income.
Single Family
Built in 1940
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07502, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,227 (100%) |
| Owner Occupied HU | 2,440 (46.7%) |
| Renter Occupied HU | 2,645 (50.6%) |
| Vacant Housing Units | 142 ( 2.7%) |
| Median Home Value | $399,692 |
| Average Home Value | $450,263 |
Housing Distribution
Address Breakdown
Residential
4,235
Single Family
4,182
Multi-Family
53
Businesses
198
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Listed by: Stephane J. Havatian • Coldwell Banker Realty Fle
Mls Name: GSMLS
Mls ID: #4006049