74 Godwin AvePatersonNJ07501
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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 74 Godwin Ave, Paterson, NJ, 07501 priced at $629,000 pairs $2,370/mo rent with after a $3,079/mo payment. Total monthly income equals $2,370/mo. Return on cash invested is 7.8% in year one, and rental yield stands at 4.52% on a $629,000 basis. Equity gained on principal adds $4,059/yr, and 5% annual appreciation accumulates to $173,781 by year five. Five-year ROI measures 39.15% and total cumulative return in cash reaches $81,021. For financing, Ziffy Mortgage’s DSCR program evaluates $2,370/mo property income against a $3,079/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in N/A
2,613 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
11,958
Single Family
8,340
Multi-Family
3,618
Businesses
921
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Listed by: Juaquanna Gaines • Essential Real Estate
Mls Name: GSMLS
Mls ID: #4005068