202 Harrison 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
Total monthly income runs $2,911/mo, and a $3,274/mo payment. Purchase price stands at $669,000, and rental yield measures 5.22% with $2,911/mo rent. Return on cash invested shows 9.94% in year one, and 5% annual appreciation builds toward $184,832 over five years. Five-year ROI reaches 50.55% and total cumulative return in cash records $111,267. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,911/mo property income covering a $3,274/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
2,475 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: Vivian Labanino • NEW VIEW REALTY
Mls Name: HCMLS
Mls ID: #240023506
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.