54 N 4Th StPatersonNJ07522
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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
Rental property for sale in Paterson at 54 N 4Th St, Paterson, NJ, 07522 priced at $399,999 converts $3,120/mo rent into $269/mo cash flow after a $1,958/mo obligation. Total monthly income equals $3,120/mo, and annual cash flow totals $3,224/yr on $132,600 invested. Return on cash invested prints 22.34% in year one, and rental yield reads 9.36% against a $399,999 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,512 by year five. Five-year ROI reaches 117.11% and total cumulative return in cash sums $155,283. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,120/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Multi Family
Built in 1950
2,613 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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Listed by: Takisha Gresham • Realty One Group Legend
Mls Name: GSMLS
Mls ID: #4004833