23 N 4Th StPatersonNJ07522
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
Investment Highlights
Investment property for sale in Paterson at 23 N 4Th St, Paterson, NJ, 07522 with 5% annual appreciation on a $668,888 basis while $4,207/mo rent supports operations. Equity gained on principal adds $4,316/yr, and five-year appreciation sums $184,801 alongside rental yield of 7.55%. Five-year ROI measures 88.48% and total cumulative return in cash totals $194,704. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,207/mo property income versus a $3,274/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 2006
3,484 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Zachary Gilbert • Real
Mls Name: GSMLS
Mls ID: #3979799