141-143 Crosby 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 141-143 Crosby Ave, Paterson, NJ, 07502 offers a 5.62% rental yield on a $615,000 purchase with $2,880/mo rent. 14% in year one. Equity gained on principal adds $3,969/yr while 5% annual appreciation supports $169,913 over five years. Portfolio math shows five-year ROI at 57.05% and total cumulative return in cash at $115,433. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,880/mo property income against a $3,010/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A 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: George Iacobelli 3rd • Realty Executives Exceptional Realtors-Wayne
Mls Name: NJMLS
Mls ID: #25025506