288 Paterson AvePatersonNJ07424
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
Investment Highlights
Investment property for sale in Paterson at 288 Paterson Ave, Paterson, NJ, 07424 with 5% annual appreciation on a $699,900 basis while $6,000/mo rent supports operations. Total monthly income totals $6,000/mo and a $3,426/mo payment preserves $1,011/mo for cash returns. Annual cash flow comes to $12,131/yr on $230,267 deployed, and return on cash invested reaches 25.33% in year one. Equity gained on principal adds $4,516/yr, and five-year appreciation sums $193,369 alongside rental yield of 10.29%. Five-year ROI measures 133.1% and total cumulative return in cash totals $306,488.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $6,000/mo property income versus a $3,426/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
1,891 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07424, Little Falls, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,746 (100%) |
| Owner Occupied HU | 6,659 (62.0%) |
| Renter Occupied HU | 3,585 (33.4%) |
| Vacant Housing Units | 502 ( 4.7%) |
| Median Home Value | $563,308 |
| Average Home Value | $581,647 |
Housing Distribution
Address Breakdown
Residential
10,232
Single Family
9,305
Multi-Family
927
Businesses
1,120
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dolores Pena • C. Pena Real Estate
Mls Name: GSMLS
Mls ID: #4006828