248 22Nd AvePatersonNJ07513
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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 248 22Nd Ave, Paterson, NJ, 07513 generates $4,208/mo in rent and, after a $2,506/mo payment, leaves $559/mo in cash flow. Total monthly income is $4,208/mo, and annual cash flow is $6,702/yr on $168,448 invested. Return on cash invested sits at 24.04% in year one, and rental yield is 9.86% on a $512,000 entry. Equity gained on principal adds $3,304/yr, while 5% annual appreciation builds toward $141,456 over five years. Five-year ROI reaches 126.2% and total cumulative return in cash sums $212,587. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,208/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07513, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,844 (100%) |
| Owner Occupied HU | 1,063 (27.7%) |
| Renter Occupied HU | 2,586 (67.3%) |
| Vacant Housing Units | 195 ( 5.1%) |
| Median Home Value | $448,869 |
| Average Home Value | $464,090 |
Housing Distribution
Address Breakdown
Residential
2,687
Single Family
2,545
Multi-Family
142
Businesses
238
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Listed by: Nancy Pavic • Casa Real Property Group Llc
Mls Name: GSMLS
Mls ID: #3968557