56 N York StPatersonNJ07524
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
Rental property for sale in Paterson at 56 N York St, Paterson, NJ, 07524 priced at $549,000 converts $2,258/mo rent into after a $2,687/mo obligation. Total monthly income equals $2,258/mo. Return on cash invested prints 9.06% in year one, and rental yield reads 4.94% against a $549,000 entry. Equity gained on principal adds $3,543/yr, while 5% annual appreciation compiles into $151,679 by year five. Five-year ROI reaches 45.89% and total cumulative return in cash sums $82,880. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,258/mo property income covering a $2,687/mo payment, not borrower’s personal income.
Multi Family
Built in 1940
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07524, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,440 (100%) |
| Owner Occupied HU | 856 (19.3%) |
| Renter Occupied HU | 3,379 (76.1%) |
| Vacant Housing Units | 205 ( 4.6%) |
| Median Home Value | $394,043 |
| Average Home Value | $407,804 |
Housing Distribution
Address Breakdown
Residential
3,369
Single Family
3,117
Multi-Family
252
Businesses
420
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Yodelsy De La Cruz • Coldwell Banker Realty
Mls Name: GSMLS
Mls ID: #3978688