295-297 Linwood AvePatersonNJ07502
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
Rental property for sale in Paterson at 295-297 Linwood Ave, Paterson, NJ, 07502 generates $3,322/mo in rent, after a $2,344/mo payment. Total monthly income is $3,322/mo. Return on cash invested sits at 19.22% in year one, and rental yield is 8.32% on a $479,000 entry. Equity gained on principal adds $3,091/yr, while 5% annual appreciation builds toward $132,339 over five years. Five-year ROI reaches 100.37% and total cumulative return in cash sums $159,375. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,322/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07502, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,227 (100%) |
| Owner Occupied HU | 2,440 (46.7%) |
| Renter Occupied HU | 2,645 (50.6%) |
| Vacant Housing Units | 142 ( 2.7%) |
| Median Home Value | $399,692 |
| Average Home Value | $450,263 |
Housing Distribution
Address Breakdown
Residential
4,235
Single Family
4,182
Multi-Family
53
Businesses
198
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Samuel Lin • Coldwell Banker Realty Rdg
Mls Name: GSMLS
Mls ID: #3983691