361 15Th AvePatersonNJ07504
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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
Total monthly income runs $2,292/mo, and a $4,087/mo payment. Purchase price stands at $835,000, and rental yield measures 3.29% with $2,292/mo rent. Return on cash invested shows 4.07% in year one, and 5% annual appreciation builds toward $230,695 over five years. Five-year ROI reaches 19.14% and total cumulative return in cash records $52,576. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,292/mo property income covering a $4,087/mo payment rather than investor’s personal income.
Multi Family
Built in 1900
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07504, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,186 (100%) |
| Owner Occupied HU | 1,592 (38.0%) |
| Renter Occupied HU | 2,448 (58.5%) |
| Vacant Housing Units | 146 ( 3.5%) |
| Median Home Value | $447,213 |
| Average Home Value | $490,594 |
Housing Distribution
Address Breakdown
Residential
3,448
Single Family
3,068
Multi-Family
380
Businesses
159
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Listed by: Orisel Santiesteban • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3987319