200-202 pearl stPatersonNJ07501
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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 200-202 pearl st, Paterson, NJ, 07501 uses $139,230 cash to close to unlock $7,824/yr annual cash flow and $652/mo monthly cash flow. Total monthly income runs $3,646/mo, and a $2,056/mo payment keeps the spread at $652/mo. Purchase price stands at $420,000, and rental yield measures 10.42% with $3,646/mo rent. Return on cash invested shows 25.53% in year one, and 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 134.2% and total cumulative return in cash records $186,847. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,646/mo property income covering a $2,056/mo payment rather than investor’s personal income.
Single Family
Built in 1980
1,306 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: Andy Bernardo • Realty One Group Sunrise
Mls Name: GSMLS
Mls ID: #3993482