175 Broadway Unit 311PatersonNJ07505
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow175 Broadway Unit 311, Paterson, NJ, 07505 in Paterson is a solid income-producing rental, 11.32% gross yield, $2,160/mo rent, $298/mo net cash flow on a $229,000 buy. DSCR 2.10 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $63,268 and $2,109/yr in principal reduction project a total cumulative return of $121,746.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 6.2% |
| Monthly Cash Flow | $298 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,160 |
| Total Monthly Debt Service | $1,541 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07505, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,157 (100%) |
| Owner Occupied HU | 61 ( 5.3%) |
| Renter Occupied HU | 998 (86.3%) |
| Vacant Housing Units | 98 ( 8.5%) |
| Median Home Value | $401,724 |
| Average Home Value | $290,169 |
Housing Distribution
Address Breakdown
Residential
1,162
Single Family
427
Multi-Family
735
Businesses
637
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07505, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,157 (100%) |
| Owner Occupied HU | 61 ( 5.3%) |
| Renter Occupied HU | 998 (86.3%) |
| Vacant Housing Units | 98 ( 8.5%) |
| Median Home Value | $401,724 |
| Average Home Value | $290,169 |
Housing Distribution
Address Breakdown
Residential
1,162
Single Family
427
Multi-Family
735
Businesses
637
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GSMLS
Mls ID: #4019420