117-121 E Holsman StPatersonNJ07522
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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
Rental property for sale in Paterson at 117-121 E Holsman St, Paterson, NJ, 07522 generates $3,120/mo in rent, after a $3,274/mo payment. Total monthly income is $3,120/mo. Return on cash invested sits at 11.07% in year one, and rental yield is 5.6% on a $669,000 entry. Equity gained on principal adds $4,317/yr, while 5% annual appreciation builds toward $184,832 over five years. Five-year ROI reaches 56.66% and total cumulative return in cash sums $124,719. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,120/mo property income rather than buyer’s personal income.
Multi Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07522, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,286 (100%) |
| Owner Occupied HU | 1,532 (21.0%) |
| Renter Occupied HU | 5,353 (73.5%) |
| Vacant Housing Units | 401 ( 5.5%) |
| Median Home Value | $373,239 |
| Average Home Value | $372,182 |
Housing Distribution
Address Breakdown
Residential
6,351
Single Family
5,392
Multi-Family
959
Businesses
289
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Listed by: Andrew Gangi • Keller Williams Valley Realty
Mls Name: NJMLS
Mls ID: #25044076