21 Garfield AvePatersonNJ07522
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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 21 Garfield Ave, Paterson, NJ, 07522 with 5% annual appreciation on a $274,900 basis while $2,740/mo rent supports operations. Total monthly income totals $2,740/mo and a $1,346/mo payment preserves $754/mo for cash returns. Annual cash flow comes to $9,054/yr on $91,129 deployed, and return on cash invested reaches 29.84% in year one. Equity gained on principal adds $1,774/yr, and five-year appreciation sums $75,950 alongside rental yield of 11.96%. Five-year ROI measures 157.49% and total cumulative return in cash totals $143,523.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,740/mo property income versus a $1,346/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in N/A
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07522, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,286 (100%) |
| Owner Occupied HU | 1,532 (21.0%) |
| Renter Occupied HU | 5,353 (73.5%) |
| Vacant Housing Units | 401 ( 5.5%) |
| Median Home Value | $373,239 |
| Average Home Value | $372,182 |
Housing Distribution
Address Breakdown
Residential
6,351
Single Family
5,392
Multi-Family
959
Businesses
289
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Listed by: Christina Calvo • Genstone Ii Llc.
Mls Name: GSMLS
Mls Provider:
Mls ID: #3941707
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