447 E 34th StPatersonNJ07504
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 447 E 34th St, Paterson, NJ, 07504 uses $145,860 cash to close to unlock $2,296/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $3,328/mo, and a $2,154/mo payment keeps the spread at $191/mo. Purchase price stands at $440,000, and rental yield measures 9.08% with $3,328/mo rent. Return on cash invested shows 21.48% in year one, and 5% annual appreciation builds toward $121,564 over five years. Five-year ROI reaches 112.53% and total cumulative return in cash records $164,134. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,328/mo property income covering a $2,154/mo payment rather than investor’s personal income.
Single Family
Built in N/A
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: Thomasina Gesumaria • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3993593