23 Rose StreetPatersonNJ07501
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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 23 Rose Street, Paterson, NJ, 07501 offers a 5.19% rental yield on a $619,000 purchase with $2,676/mo rent. 83% in year one. Equity gained on principal adds $3,994/yr while 5% annual appreciation supports $171,018 over five years. Portfolio math shows five-year ROI at 50% and total cumulative return in cash at $101,833. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,676/mo property income against a $3,030/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2018
2,613 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: Rhanfy Rosario • Elite Realtors Of New Jersey
Mls Name: GSMLS
Mls ID: #3990585