39 E 39th St UNIT 2-OPatersonNJ07514
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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
Investment property for sale in Paterson at 39 E 39th St UNIT 2-O, Paterson, NJ, 07514 offers a 17.11% rental yield on a $209,000 purchase with $2,980/mo rent. Total monthly income registers $2,980/mo, and a $1,023/mo payment leaves $790/mo available for distribution. Annual cash flow reaches $9,483/yr on $69,284 to close, and return on cash invested stands at 33.6% in year one. Equity gained on principal adds $1,349/yr while 5% annual appreciation supports $57,743 over five years. Portfolio math shows five-year ROI at 181.92% and total cumulative return in cash at $126,038. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,980/mo property income against a $1,023/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1950
N/A lot
$N/A/sqft
$700 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: Mahmoud Ijbara • Compass Of New Jersey
Mls Name: GSMLS
Mls Provider:
Mls ID: #3928535
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