723-725 BroadwayPatersonNJ07514
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 723-725 Broadway, Paterson, NJ, 07514 earns from $3,944/mo rent with a $3,911/mo payment. Total monthly income totals $3,944/mo. ROI tracks 12.07% on current figures, and rental yield reads 5.92% at a $799,000 purchase. Equity gained on principal adds $5,156/yr, and 5% annual appreciation supports $220,749 over five years. Five-year ROI reaches 61.99% and total cumulative return in cash sums $162,954. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,944/mo property income instead of your personal income.
Multi Family
Built in N/A
4,356 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frederick Burke • Unicasa Union Realty Inc
Mls Name: GSMLS
Mls ID: #3968560