276 5Th AvePatersonNJ07524
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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
Investment Highlights
Investment property for sale in Paterson at 276 5Th Ave, Paterson, NJ, 07524 offers a 4.32% rental yield on a $675,999 purchase with $2,431/mo rent. 64% in year one. Equity gained on principal adds $4,362/yr while 5% annual appreciation supports $186,766 over five years. Portfolio math shows five-year ROI at 33.09% and total cumulative return in cash at $73,588. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,431/mo property income against a $3,309/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2007
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07524, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,440 (100%) |
| Owner Occupied HU | 856 (19.3%) |
| Renter Occupied HU | 3,379 (76.1%) |
| Vacant Housing Units | 205 ( 4.6%) |
| Median Home Value | $394,043 |
| Average Home Value | $407,804 |
Housing Distribution
Address Breakdown
Residential
3,369
Single Family
3,117
Multi-Family
252
Businesses
420
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Nearby investment properties with comparable prices
Listed by: Stanley Francois • Realty One Group Sunrise
Mls Name: GSMLS
Mls Provider:
Mls ID: #3966165
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