601 E 23Rd StPatersonNJ07514
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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 601 E 23Rd St, Paterson, NJ, 07514 earns from $2,322/mo rent with a $2,932/mo payment. Total monthly income totals $2,322/mo. ROI tracks 8.2% on current figures, and rental yield reads 4.65% at a $599,000 purchase. Equity gained on principal adds $3,865/yr, and 5% annual appreciation supports $165,493 over five years. Five-year ROI reaches 41.27% and total cumulative return in cash sums $81,334. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,322/mo property income instead of your personal income.
Multi Family
Built in N/A
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07514, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,923 (100%) |
| Owner Occupied HU | 2,116 (30.6%) |
| Renter Occupied HU | 4,517 (65.2%) |
| Vacant Housing Units | 290 ( 4.2%) |
| Median Home Value | $344,394 |
| Average Home Value | $352,392 |
Housing Distribution
Address Breakdown
Residential
6,119
Single Family
4,207
Multi-Family
1,912
Businesses
446
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Listed by: Juaquanna Gaines • Essential Real Estate
Mls Name: GSMLS
Mls ID: #4005111