66 Danforth Ave, Paterson, NJ, 07501 | 3.9% Rental Yield

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66 Danforth Ave, Paterson, NJ, 07501 | 3.9% Rental Yield | Ziffy

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Paterson at 66 Danforth Ave, Paterson, NJ, 07501 listed at $729,900 pairs $2,370/mo rent with a $3,573/mo payment. Total monthly income runs $2,370/mo. Return on cash invested measures 5.91% in year one, and rental yield registers 3.9% at a $729,900 basis. Equity gained on principal adds $4,710/yr, and annual property appreciation at 5% supports $201,658 by year five. Five-year ROI tracks 28.97% and total cumulative return in cash totals $69,559. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,370/mo property income relative to a $3,573/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Multi Family

Built in 1940

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

Don't miss this fantastic investment opportunity in the desirable West Side/Hillcrest section of Paterson! This well-maintained 3-family home offers a spacious layout and great income potential. First & Second Floor Units: Each features 3 bedrooms, a living room & dining room combo, an enclosed front porch, and ample living space or a bonus bedroom. Third Floor Unit: A cozy 1-bedroom apartment with a living room, eat-in kitchen, and full bath perfect for added rental income or an owner-occupant. Finished Basement: Additional living space with endless possibilities for storage, recreation, or expansion. Outdoor & Parking: Private backyard and a detached garage for off-street parking.This home is close to schools, parks, public transportation, and major highways. Whether you're an investor or looking for a multi-family home to live in, this property offers spacious living, great location, and strong potential. Property is Being Sold As Is

Neighborhood Data

Neighborhood data shown for ZIP Code: 07501, Paterson, NJ area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,931 (100%)
Owner Occupied HU	1,962 (14.1%)
Renter Occupied HU	11,210 (80.5%)
Vacant Housing Units	759 ( 5.4%)
Median Home Value	$310,593
Average Home Value	$356,377