269 Paterson AveMidland ParkNJ07432
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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 Midland Park at 269 Paterson Ave, Midland Park, NJ, 07432 uses $157,463 cash to close to unlock $1,130/yr annual cash flow and $94/mo monthly cash flow. Total monthly income runs $3,480/mo, and a $2,325/mo payment keeps the spread at $94/mo. Purchase price stands at $475,000, and rental yield measures 8.79% with $3,480/mo rent. Return on cash invested shows 20.63% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 107.94% and total cumulative return in cash records $169,963. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,480/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Single Family
Built in 1922
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07432, Midland Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,914 (100%) |
| Owner Occupied HU | 2,014 (69.1%) |
| Renter Occupied HU | 765 (26.3%) |
| Vacant Housing Units | 135 ( 4.6%) |
| Median Home Value | $626,577 |
| Average Home Value | $637,279 |
Housing Distribution
Address Breakdown
Residential
2,788
Single Family
2,562
Multi-Family
226
Businesses
483
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Listed by: Lisa M Beatrice • Christie's Int. Real Estate Group
Mls Name: GSMLS
Mls ID: #4006290