331 Straight StPatersonNJ07501
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 331 Straight St, Paterson, NJ, 07501 priced at $899,000 pairs $1,918/mo rent with after a $4,400/mo payment. Total monthly income equals $1,918/mo. Return on cash invested is 1.84% in year one, and rental yield stands at 2.56% on a $899,000 basis. Equity gained on principal adds $5,801/yr, and 5% annual appreciation accumulates to $248,377 by year five. Five-year ROI measures 7.19% and total cumulative return in cash reaches $21,262. For financing, Ziffy Mortgage’s DSCR program evaluates $1,918/mo property income against a $4,400/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1930
1,742 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Armando Pina • Lifestyle International Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3974205
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. Copyright 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.