128 Keen StPatersonNJ07524
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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 $2,582/mo, and a $3,549/mo payment. Purchase price stands at $725,000, and rental yield measures 4.27% with $2,582/mo rent. Return on cash invested shows 7.05% in year one, and 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 35.09% and total cumulative return in cash records $83,693. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,582/mo property income covering a $3,549/mo payment rather than investor’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: 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: Meilyn Torres • Realty Of America
Mls Name: GSMLS
Mls ID: #3988876