327 Ellison StPatersonNJ07501
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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
Rental property for sale in Paterson at 327 Ellison St, Paterson, NJ, 07501 generates $2,718/mo in rent, after a $3,421/mo payment. Total monthly income is $2,718/mo. Return on cash invested sits at 8.25% in year one, and rental yield is 4.67% on a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 41.5% and total cumulative return in cash sums $95,438. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,718/mo property income rather than buyer’s personal income.
Multi Family
Built in 1940
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07501, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,931 (100%) |
| Owner Occupied HU | 1,962 (14.1%) |
| Renter Occupied HU | 11,210 (80.5%) |
| Vacant Housing Units | 759 ( 5.4%) |
| Median Home Value | $310,593 |
| Average Home Value | $356,377 |
Housing Distribution
Address Breakdown
Residential
11,958
Single Family
8,340
Multi-Family
3,618
Businesses
921
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Listed by: Jessenia Gallegos • Realty Of America
Mls Name: GSMLS
Mls ID: #3969835