450 Edmund AvePatersonNJ07502
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 9.09% yield at 450 Edmund Ave, Paterson, NJ, 07502 in Paterson is solid, but the $2,023/mo payment compresses net cash flow to $150/mo at $450,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $124,327 by year five, and $4,145/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.68) without U.S. income documentation. Total projected return: $185,400.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.2% |
| Monthly Cash Flow | $150 | $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 | $3,408 |
| Total Monthly Debt Service | $3,028 |
| DSCR Ratio | 1.13x |
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.
Townhouse
Built in 1960
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07502, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,227 (100%) |
| Owner Occupied HU | 2,440 (46.7%) |
| Renter Occupied HU | 2,645 (50.6%) |
| Vacant Housing Units | 142 ( 2.7%) |
| Median Home Value | $399,692 |
| Average Home Value | $450,263 |
Housing Distribution
Address Breakdown
Residential
4,235
Single Family
4,182
Multi-Family
53
Businesses
198
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
Townhouse
Built in 1960
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07502, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,227 (100%) |
| Owner Occupied HU | 2,440 (46.7%) |
| Renter Occupied HU | 2,645 (50.6%) |
| Vacant Housing Units | 142 ( 2.7%) |
| Median Home Value | $399,692 |
| Average Home Value | $450,263 |
Housing Distribution
Address Breakdown
Residential
4,235
Single Family
4,182
Multi-Family
53
Businesses
198
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GSMLS
Mls ID: #4011772