39 E 39th St APT 3PPatersonNJ07514
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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 $1,673/mo, and a $1,189/mo payment. Purchase price stands at $243,000, and rental yield measures 8.26% with $1,673/mo rent. Return on cash invested shows 7.73% in year one, and 5% annual appreciation builds toward $67,136 over five years. Five-year ROI reaches 42.9% and total cumulative return in cash records $34,556. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,673/mo property income covering a $1,189/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$759 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07514, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,923 (100%) |
| Owner Occupied HU | 2,116 (30.6%) |
| Renter Occupied HU | 4,517 (65.2%) |
| Vacant Housing Units | 290 ( 4.2%) |
| Median Home Value | $344,394 |
| Average Home Value | $352,392 |
Housing Distribution
Address Breakdown
Residential
6,119
Single Family
4,207
Multi-Family
1,912
Businesses
446
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Listed by: Maria Warner • Realty One Group Living
Mls Name: NJMLS
Mls Provider:
Mls ID: #25012630
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