712 E 27Th StPatersonNJ07504
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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
Rental property for sale in Paterson at 712 E 27Th St, Paterson, NJ, 07504 generates $3,352/mo in rent, after a $3,421/mo payment. Total monthly income is $3,352/mo. Return on cash invested sits at 11.55% in year one, and rental yield is 5.75% on a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 59.24% and total cumulative return in cash sums $136,226. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,352/mo property income rather than buyer’s personal income.
Multi Family
Built in 1960
2,613 sqft 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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Listed by: David H Vanegas • Empire Real Estate
Mls Name: GSMLS
Mls Provider:
Mls ID: #3982119
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