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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Paterson at 69-71 Webster Ave, Paterson, NJ, 07501 offers a 4.21% rental yield on a $675,000 purchase with $2,370/mo rent. 87% in year one. Equity gained on principal adds $4,356/yr while 5% annual appreciation supports $186,490 over five years. Portfolio math shows five-year ROI at 34.12% and total cumulative return in cash at $75,783. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,370/mo property income against a $3,304/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1950
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 07501, Paterson, NJ area.
| 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 |
Residential
11,958
Single Family
8,340
Multi-Family
3,618
Businesses
921
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Melina Salazar • Realty One Group Legend
Mls Name: GSMLS
Mls ID: #4000138
