400 River StPatersonNJ07524
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
Investment property for sale in Paterson at 400 River St, Paterson, NJ, 07524 at $620,000 posts ROI 7.26% with from $2,244/mo rent. Total monthly income equals $2,244/mo. Return on cash invested measures 7.26% and rental yield reads 4.34% at the current $620,000. Equity gained on principal adds $4,001/yr, and 5% annual appreciation supports $171,295 by year five. Five-year ROI prints 36.24% and total cumulative return in cash totals $73,923. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,244/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 2016
1,032 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07524, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,440 (100%) |
| Owner Occupied HU | 856 (19.3%) |
| Renter Occupied HU | 3,379 (76.1%) |
| Vacant Housing Units | 205 ( 4.6%) |
| Median Home Value | $394,043 |
| Average Home Value | $407,804 |
Housing Distribution
Address Breakdown
Residential
3,369
Single Family
3,117
Multi-Family
252
Businesses
420
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Nearby investment properties with comparable prices
Listed by: Yodelsy De La Cruz • Coldwell Banker Realty
Mls Name: GSMLS
Mls Provider:
Mls ID: #3978964
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