241-243 Derrom AvePatersonNJ07504
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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 241-243 Derrom Ave, Paterson, NJ, 07504 listed at $704,500 pairs $5,702/mo rent with a $3,448/mo payment to leave $579/mo cash flow. Total monthly income runs $5,702/mo, and annual cash flow reaches $6,949/yr on $231,781 cash to close. Return on cash invested measures 23.06% in year one, and rental yield registers 9.71% at a $704,500 basis. Equity gained on principal adds $4,546/yr, and annual property appreciation at 5% supports $194,640 by year five. Five-year ROI tracks 121.14% and total cumulative return in cash totals $280,788. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,702/mo property income relative to a $3,448/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
7,562 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07504, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,186 (100%) |
| Owner Occupied HU | 1,592 (38.0%) |
| Renter Occupied HU | 2,448 (58.5%) |
| Vacant Housing Units | 146 ( 3.5%) |
| Median Home Value | $447,213 |
| Average Home Value | $490,594 |
Housing Distribution
Address Breakdown
Residential
3,448
Single Family
3,068
Multi-Family
380
Businesses
159
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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