21 Graham AvePatersonNJ07524
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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
Rental property for sale in Paterson at 21 Graham Ave, Paterson, NJ, 07524 priced at $499,000 pairs $2,887/mo rent with after a $2,442/mo payment. Total monthly income equals $2,887/mo. Return on cash invested is 15.05% in year one, and rental yield stands at 6.94% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 78.04% and total cumulative return in cash reaches $129,090. For financing, Ziffy Mortgage’s DSCR program evaluates $2,887/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1960
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07524, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,440 (100%) |
| Owner Occupied HU | 856 (19.3%) |
| Renter Occupied HU | 3,379 (76.1%) |
| Vacant Housing Units | 205 ( 4.6%) |
| Median Home Value | $394,043 |
| Average Home Value | $407,804 |
Housing Distribution
Address Breakdown
Residential
3,369
Single Family
3,117
Multi-Family
252
Businesses
420
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Listed by: Williams Flores • Realty Of America
Mls Name: GSMLS
Mls ID: #4003480