127 E Main 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
Investment property for sale in Paterson at 127 E Main St, Paterson, NJ, 07522 uses $149,175 cash to close to unlock $1,368/yr annual cash flow and $114/mo monthly cash flow. Total monthly income runs $3,322/mo, and a $2,203/mo payment keeps the spread at $114/mo. Purchase price stands at $450,000, and rental yield measures 8.86% with $3,322/mo rent. Return on cash invested shows 20.83% in year one, and 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 108.98% and total cumulative return in cash records $162,570. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,322/mo property income covering a $2,203/mo payment rather than investor’s personal income.
Multi Family
Built in 1898
2,613 sqft 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: Shawn Chaconas • Compass New Jersey, Llc
Mls Name: GSMLS
Mls Provider:
Mls ID: #3930387
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