79 Highland StPatersonNJ07524
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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 Highland St, Paterson, NJ, 07524 with 5% annual appreciation on a $339,998 basis while $2,434/mo rent supports operations. Total monthly income totals $2,434/mo and a $1,664/mo payment preserves $11/mo for cash returns. Annual cash flow comes to $128/yr on $112,709 deployed, and return on cash invested reaches 20.02% in year one. Equity gained on principal adds $2,194/yr, and five-year appreciation sums $93,935 alongside rental yield of 8.59%. Five-year ROI measures 104.68% and total cumulative return in cash totals $117,990.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,434/mo property income versus a $1,664/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07524, Paterson, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,440 (100%) |
| Owner Occupied HU | 856 (19.3%) |
| Renter Occupied HU | 3,379 (76.1%) |
| Vacant Housing Units | 205 ( 4.6%) |
| Median Home Value | $394,043 |
| Average Home Value | $407,804 |
Housing Distribution
Address Breakdown
Residential
3,369
Single Family
3,117
Multi-Family
252
Businesses
420
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Listed by: Yavuz Bayram • Keller Williams Park Views
Mls Name: GSMLS
Mls ID: #3995961