230-232 Emerson AvePatersonNJ07502
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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 230-232 Emerson Ave, Paterson, NJ, 07502 listed at $829,900 pairs $2,880/mo rent with a $4,062/mo payment. Total monthly income runs $2,880/mo. Return on cash invested measures 6.72% in year one, and rental yield registers 4.16% at a $829,900 basis. Equity gained on principal adds $5,355/yr, and annual property appreciation at 5% supports $229,286 by year five. Five-year ROI tracks 33.32% and total cumulative return in cash totals $90,983. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,880/mo property income relative to a $4,062/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07502, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,227 (100%) |
| Owner Occupied HU | 2,440 (46.7%) |
| Renter Occupied HU | 2,645 (50.6%) |
| Vacant Housing Units | 142 ( 2.7%) |
| Median Home Value | $399,692 |
| Average Home Value | $450,263 |
Housing Distribution
Address Breakdown
Residential
4,235
Single Family
4,182
Multi-Family
53
Businesses
198
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Listed by: Joel Pujols • Coldwell Banker Garden State
Mls Name: NJMLS
Mls ID: #25036692