693 E 28th St FLOOR 2PatersonNJ07504
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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 693 E 28th St FLOOR 2, Paterson, NJ, 07504 offers a 0% rental yield on a $638,000 purchase with $0/mo rent. 94% in year one. Equity gained on principal adds $4,117/yr while 5% annual appreciation supports $176,268 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $3,123/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07504, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,186 (100%) |
| Owner Occupied HU | 1,592 (38.0%) |
| Renter Occupied HU | 2,448 (58.5%) |
| Vacant Housing Units | 146 ( 3.5%) |
| Median Home Value | $447,213 |
| Average Home Value | $490,594 |
Housing Distribution
Address Breakdown
Residential
3,448
Single Family
3,068
Multi-Family
380
Businesses
159
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No similar rental properties found nearby.
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Listed by: N/A • N/A
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Mls ID: #N/A