122 Quartz LanePatersonNJ07501
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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 122 Quartz Lane, Paterson, NJ, 07501 at $389,999 posts ROI 14.64% with from $2,212/mo rent. Total monthly income equals $2,212/mo. Return on cash invested measures 14.64% and rental yield reads 6.81% at the current $389,999. Equity gained on principal adds $2,517/yr, and 5% annual appreciation supports $107,750 by year five. Five-year ROI prints 75.78% and total cumulative return in cash totals $97,976. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,212/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in N/A
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07501, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,931 (100%) |
| Owner Occupied HU | 1,962 (14.1%) |
| Renter Occupied HU | 11,210 (80.5%) |
| Vacant Housing Units | 759 ( 5.4%) |
| Median Home Value | $310,593 |
| Average Home Value | $356,377 |
Housing Distribution
Address Breakdown
Residential
11,958
Single Family
8,340
Multi-Family
3,618
Businesses
921
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Listed by: Gina Setzer • NextHome Peninsula Realty Group
Mls Name: MoreMLS
Mls ID: #22532260