554 Park Ave #560PatersonNJ07504
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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 554 Park Ave #560, Paterson, NJ, 07504 earns from $2,640/mo rent with a $3,744/mo payment. Total monthly income totals $2,640/mo. ROI tracks 6.65% on current figures, and rental yield reads 4.14% at a $765,000 purchase. Equity gained on principal adds $4,936/yr, and 5% annual appreciation supports $211,355 over five years. Five-year ROI reaches 32.95% and total cumulative return in cash sums $82,931. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,640/mo property income instead of your personal income.
Single Family
Built in N/A
N/A 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
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Listed by: Joel Valverde • RE/MAX Signature Homes
Mls Name: NJMLS
Mls ID: #25033047