79-93 Montgomery St #101PatersonNJ07501
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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 79-93 Montgomery St #101, Paterson, NJ, 07501 earns $89/mo cash flow from $1,051/mo rent with a $661/mo payment. Total monthly income totals $1,051/mo, and annual cash flow totals $1,062/yr on $44,753 capital. ROI tracks 22.28% on current figures, and rental yield reads 9.34% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Five-year ROI reaches 116.86% and total cumulative return in cash sums $52,297. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,051/mo property income instead of your personal income.
Condo
Built in N/A
N/A 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: TYRA T HENRY • EXIT ON THE HUDSON REALTY
Mls Name: HCMLS
Mls ID: #250018141