493-495 Totowa AvePatersonNJ07522
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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 493-495 Totowa Ave, Paterson, NJ, 07522 offers a 14.5% rental yield on a $236,700 purchase with $2,861/mo rent. Total monthly income registers $2,861/mo, and a $1,159/mo payment leaves $473/mo available for distribution. Annual cash flow reaches $5,670/yr on $78,466 to close, and return on cash invested stands at 27.14% in year one. Equity gained on principal adds $1,527/yr while 5% annual appreciation supports $65,396 over five years. Portfolio math shows five-year ROI at 146.74% and total cumulative return in cash at $115,138. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,861/mo property income against a $1,159/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1940
3,698 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07522, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,286 (100%) |
| Owner Occupied HU | 1,532 (21.0%) |
| Renter Occupied HU | 5,353 (73.5%) |
| Vacant Housing Units | 401 ( 5.5%) |
| Median Home Value | $373,239 |
| Average Home Value | $372,182 |
Housing Distribution
Address Breakdown
Residential
6,351
Single Family
5,392
Multi-Family
959
Businesses
289
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