248 22Nd AvePatersonNJ07513
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 248 22Nd Ave, Paterson, NJ, 07513 in Paterson earns a 9.86% gross yield at $512,000. Rent of $4,208/mo nets $559/mo after the $2,302/mo mortgage. The 1.83 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $141,456 and $4,716/yr in equity accumulation project a total cumulative return of $232,207.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 6.2% |
| Monthly Cash Flow | $559 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $4,208 |
| Total Monthly Debt Service | $3,446 |
| DSCR Ratio | 1.22x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nancy Pavic • Casa Real Property Group Llc
Mls Name: GSMLS
Mls ID: #3968557