442 E 30Th StPatersonNJ07504
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 442 E 30Th St, Paterson, NJ, 07504 in Paterson delivers $3,648/mo in gross rent and $440/mo in net monthly income at a $449,999 entry. The 9.73% yield and 1.80 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $124,326 over five years and $4,145/yr in equity from loan paydown, total projected return is $200,844.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 6.2% |
| Monthly Cash Flow | $440 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,648 |
| Total Monthly Debt Service | $3,028 |
| DSCR Ratio | 1.20x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1941
2,613 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
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
Condo
Built in 1941
2,613 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dave Stephenson • Weichert Realtors
Mls Name: GSMLS
Mls ID: #3978407