253 E 21St StPatersonNJ07513
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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 253 E 21St St, Paterson, NJ, 07513 earns $285/mo cash flow from $3,486/mo rent with a $2,198/mo payment. Total monthly income totals $3,486/mo, and annual cash flow totals $3,423/yr on $148,844 capital. ROI tracks 22.21% on current figures, and rental yield reads 9.32% at a $449,000 purchase. Equity gained on principal adds $2,897/yr, and 5% annual appreciation supports $124,050 over five years. Five-year ROI reaches 116.42% and total cumulative return in cash sums $173,284. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,486/mo property income instead of your personal income.
Multi Family
Built in 1920
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: Mathew Chapman • Compass New Jersey Llc
Mls Name: GSMLS
Mls ID: #3980370