567-569 E 38th StPatersonNJ07513
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder567-569 E 38th St, Paterson, NJ, 07513 in Paterson is a stable, well-positioned rental at $342,500. Rental yield 7.99%. DSCR 1.48 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $94,626 in value and $3,154/yr in principal paydown builds equity, a total projected return of $120,940.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.2% |
| Monthly Cash Flow | $(161) | $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 | $2,280 |
| Total Monthly Debt Service | $2,305 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Single Family
Built in 1900
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07513, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,844 (100%) |
| Owner Occupied HU | 1,063 (27.7%) |
| Renter Occupied HU | 2,586 (67.3%) |
| Vacant Housing Units | 195 ( 5.1%) |
| Median Home Value | $448,869 |
| Average Home Value | $464,090 |
Housing Distribution
Address Breakdown
Residential
2,687
Single Family
2,545
Multi-Family
142
Businesses
238
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
Single Family
Built in 1900
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07513, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,844 (100%) |
| Owner Occupied HU | 1,063 (27.7%) |
| Renter Occupied HU | 2,586 (67.3%) |
| Vacant Housing Units | 195 ( 5.1%) |
| Median Home Value | $448,869 |
| Average Home Value | $464,090 |
Housing Distribution
Address Breakdown
Residential
2,687
Single Family
2,545
Multi-Family
142
Businesses
238
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices